Molina Healthcare's (MOH) "Overweight" Rating Reaffirmed at Cantor Fitzgerald

Molina Healthcare (NYSE:MOH - Get Free Report)'s stock had its "overweight" rating restated by Cantor Fitzgerald in a report issued on Thursday, Benzinga reports. They currently have a $406.00 price target on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 25.60% from the company's current price.

Several other brokerages also recently weighed in on MOH. Deutsche Bank Aktiengesellschaft dropped their price objective on Molina Healthcare from $354.00 to $353.00 and set a "hold" rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on shares of Molina Healthcare from $420.00 to $395.00 and set an "overweight" rating for the company in a report on Wednesday, July 10th. TD Cowen decreased their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a "buy" rating for the company in a research note on Wednesday, July 24th. Truist Financial lowered their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a "buy" rating for the company in a report on Monday, July 15th. Finally, Stephens reaffirmed an "equal weight" rating and set a $320.00 target price on shares of Molina Healthcare in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $371.83.

Molina Healthcare Stock Up 17.5 %

MOH stock traded up $48.25 during mid-day trading on Thursday, hitting $323.25. 2,769,887 shares of the company were exchanged, compared to its average volume of 520,628. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The firm's 50 day simple moving average is $335.72 and its 200 day simple moving average is $330.46. The firm has a market cap of $18.94 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.02 by ($0.01). The firm had revenue of $10.34 billion during the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.05 earnings per share. On average, sell-side analysts predict that Molina Healthcare will post 23.5 EPS for the current fiscal year.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the firm's stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the sale, the director now directly owns 18,025 shares of the company's stock, valued at $6,114,260.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares of the company's stock, valued at approximately $3,282,583.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Molina Healthcare

A number of large investors have recently made changes to their positions in the company. Quent Capital LLC grew its position in Molina Healthcare by 6.8% during the 1st quarter. Quent Capital LLC now owns 489 shares of the company's stock worth $201,000 after purchasing an additional 31 shares during the last quarter. Custom Index Systems LLC raised its stake in shares of Molina Healthcare by 5.0% during the 2nd quarter. Custom Index Systems LLC now owns 690 shares of the company's stock worth $205,000 after buying an additional 33 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Molina Healthcare by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 3,543 shares of the company's stock valued at $1,053,000 after purchasing an additional 40 shares in the last quarter. Oliver Luxxe Assets LLC lifted its stake in Molina Healthcare by 1.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 4,428 shares of the company's stock valued at $1,526,000 after buying an additional 55 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Molina Healthcare by 0.4% during the second quarter. Arizona State Retirement System now owns 16,092 shares of the company's stock valued at $4,784,000 after acquiring an additional 57 shares during the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

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.