Barclays Issues Positive Forecast for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH - Free Report) had its target price hoisted by Barclays from $339.00 to $362.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. Truist Financial boosted their price target on shares of Molina Healthcare from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $295.00 to $372.00 in a report on Wednesday, March 5th. Robert W. Baird reissued a "neutral" rating and issued a $375.00 price objective (up previously from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th. Sanford C. Bernstein assumed coverage on Molina Healthcare in a research note on Tuesday, April 22nd. They issued an "outperform" rating and a $414.00 target price for the company. Finally, UBS Group reduced their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a "neutral" rating on the stock in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $365.38.

Molina Healthcare Stock Performance

Molina Healthcare stock traded up $6.00 during mid-day trading on Friday, reaching $320.51. The company had a trading volume of 624,444 shares, compared to its average volume of 672,357. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.06 and a beta of 0.70. The company has a 50 day moving average of $320.07 and a 200-day moving average of $307.33. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $365.23.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, beating analysts' consensus estimates of $5.96 by $0.12. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. The business had revenue of $11.15 billion during the quarter, compared to analyst estimates of $10.86 billion. During the same period in the prior year, the company posted $5.73 earnings per share. Molina Healthcare's revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in Molina Healthcare by 7.4% in the 4th quarter. Wellington Management Group LLP now owns 2,632,232 shares of the company's stock valued at $766,111,000 after acquiring an additional 181,073 shares in the last quarter. FMR LLC increased its stake in shares of Molina Healthcare by 31.1% during the 4th quarter. FMR LLC now owns 1,801,113 shares of the company's stock worth $524,214,000 after purchasing an additional 427,276 shares during the last quarter. Geode Capital Management LLC raised its stake in Molina Healthcare by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,436,909 shares of the company's stock valued at $417,144,000 after buying an additional 34,992 shares during the period. Invesco Ltd. raised its stake in Molina Healthcare by 28.5% in the 4th quarter. Invesco Ltd. now owns 1,327,021 shares of the company's stock valued at $386,229,000 after acquiring an additional 294,180 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Molina Healthcare by 15.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 688,245 shares of the company's stock valued at $200,307,000 after purchasing an additional 91,229 shares during the period. Institutional investors own 98.50% of the company's stock.

About Molina Healthcare

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.