Molina Healthcare's (MOH) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Molina Healthcare (NYSE:MOH - Free Report) in a research note published on Tuesday morning, MarketBeat Ratings reports. They currently have a $350.00 price objective on the stock, down from their prior price objective of $378.00.

MOH has been the subject of several other research reports. Wells Fargo & Company raised their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Robert W. Baird decreased their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Barclays increased their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $363.42.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded down $3.70 during trading hours on Tuesday, reaching $291.78. The stock had a trading volume of 665,517 shares, compared to its average volume of 551,944. The stock's 50 day moving average is $309.31 and its 200 day moving average is $319.33. The firm has a market capitalization of $16.69 billion, a PE ratio of 14.83, a PEG ratio of 1.03 and a beta of 0.54. Molina Healthcare has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.96 by $0.05. The company had revenue of $10.34 billion during the quarter, compared to analysts' expectations of $9.92 billion. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Molina Healthcare's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.05 EPS. Equities analysts expect that Molina Healthcare will post 23.44 earnings per share for the current fiscal year.

Institutional Trading of Molina Healthcare

Several institutional investors and hedge funds have recently modified their holdings of MOH. Retirement Systems of Alabama grew its position in shares of Molina Healthcare by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 12,926 shares of the company's stock worth $3,843,000 after buying an additional 123 shares during the last quarter. Argent Capital Management LLC raised its stake in Molina Healthcare by 1.8% during the second quarter. Argent Capital Management LLC now owns 8,580 shares of the company's stock valued at $2,551,000 after buying an additional 155 shares during the last quarter. Clear Creek Financial Management LLC raised its stake in Molina Healthcare by 9.0% during the second quarter. Clear Creek Financial Management LLC now owns 1,594 shares of the company's stock valued at $474,000 after buying an additional 132 shares during the last quarter. Overbrook Management Corp increased its holdings in shares of Molina Healthcare by 14.5% in the 2nd quarter. Overbrook Management Corp now owns 29,784 shares of the company's stock worth $8,855,000 after purchasing an additional 3,777 shares in the last quarter. Finally, EFG Asset Management North America Corp. increased its holdings in shares of Molina Healthcare by 17.6% in the 2nd quarter. EFG Asset Management North America Corp. now owns 6,401 shares of the company's stock worth $1,902,000 after purchasing an additional 959 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.