Sanford C. Bernstein Initiates Coverage on Molina Healthcare (NYSE:MOH)

Stock analysts at Sanford C. Bernstein started coverage on shares of Molina Healthcare (NYSE:MOH - Get Free Report) in a research note issued to investors on Tuesday. The brokerage set an "outperform" rating and a $414.00 price target on the stock. Sanford C. Bernstein's price target would suggest a potential upside of 37.24% from the stock's current price.

Other equities research analysts have also issued reports about the stock. UBS Group cut 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 note on Friday, February 7th. Truist Financial lifted their target price on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Stephens reissued an "equal weight" rating and issued a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Wells Fargo & Company upgraded Molina Healthcare from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $295.00 to $372.00 in a research note on Wednesday, March 5th. Finally, Barclays reduced their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $363.62.

Molina Healthcare Stock Down 6.4 %

Molina Healthcare stock opened at $301.66 on Tuesday. The firm has a 50 day moving average price of $315.43 and a 200 day moving average price of $307.56. Molina Healthcare has a fifty-two week low of $262.32 and a fifty-two week high of $370.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $16.50 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts' consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Research analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now 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 link. 1.10% of the stock is owned by company insiders.

Institutional Trading of Molina Healthcare

A number of institutional investors have recently added to or reduced their stakes in MOH. Rothschild Investment LLC raised its position in Molina Healthcare by 126.3% in the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock valued at $28,000 after purchasing an additional 48 shares during the period. Colonial Trust Co SC grew its stake in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company's stock valued at $30,000 after buying an additional 93 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Molina Healthcare during the 1st quarter valued at about $34,000. Versant Capital Management Inc lifted its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company's stock worth $47,000 after acquiring an additional 74 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare in the 4th quarter worth approximately $52,000. 98.50% of the stock is 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.

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