Molina Healthcare (NYSE:MOH) Price Target Raised to $400.00 at Truist Financial

Molina Healthcare (NYSE:MOH - Free Report) had its price objective hoisted by Truist Financial from $340.00 to $400.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on the company. Barclays lowered their price objective on Molina Healthcare from $372.00 to $339.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. UBS Group decreased 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. StockNews.com upgraded Molina Healthcare from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $359.42.

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Molina Healthcare Trading Down 0.4 %

MOH stock traded down $1.22 during mid-day trading on Friday, reaching $334.28. 617,965 shares of the stock traded hands, compared to its average volume of 653,269. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a market cap of $18.29 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.06 and a beta of 0.70. Molina Healthcare has a 52-week low of $262.32 and a 52-week high of $373.22. The stock's fifty day moving average is $312.03 and its 200-day moving average is $308.21.

Molina Healthcare (NYSE:MOH - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (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%. As a group, sell-side analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insiders Place Their Bets

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 shares were 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 owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC grew its stake in shares of Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company's stock worth $28,000 after purchasing an additional 48 shares during the period. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% during the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company's stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Versant Capital Management Inc grew its holdings in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company's stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Molina Healthcare in the fourth quarter valued at approximately $52,000. Finally, Hurley Capital LLC acquired a new stake in Molina Healthcare in the fourth quarter worth $55,000. 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.