Molina Healthcare (NYSE:MOH) Lowered to "Buy" Rating by StockNews.com

Molina Healthcare (NYSE:MOH - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Several other research analysts also recently commented on the company. Robert W. Baird cut their target price on Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Truist Financial dropped their price target on Molina Healthcare from $400.00 to $370.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Stephens reaffirmed an "equal weight" rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $406.00 price target on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $355.67.

Molina Healthcare Price Performance

Shares of MOH traded down $13.76 during midday trading on Friday, hitting $272.66. The company's stock had a trading volume of 926,126 shares, compared to its average volume of 640,901. The company has a quick ratio of 1.55, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a one year low of $272.40 and a one year high of $423.92. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company's fifty day simple moving average is $297.17 and its two-hundred day simple moving average is $317.83.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts expect that Molina Healthcare will post 24.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

A number of large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Molina Healthcare in the second quarter worth about $1,077,000. Czech National Bank boosted its position in shares of Molina Healthcare by 6.9% in the 3rd quarter. Czech National Bank now owns 11,937 shares of the company's stock worth $4,113,000 after purchasing an additional 771 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Molina Healthcare by 59.2% in the 3rd quarter. GAMMA Investing LLC now owns 543 shares of the company's stock worth $187,000 after purchasing an additional 202 shares in the last quarter. CWM LLC boosted its position in shares of Molina Healthcare by 76.2% in the 3rd quarter. CWM LLC now owns 4,001 shares of the company's stock worth $1,379,000 after purchasing an additional 1,730 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Molina Healthcare by 96.2% in the 3rd quarter. UMB Bank n.a. now owns 206 shares of the company's stock worth $71,000 after purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.