Molina Healthcare, Inc. (NYSE:MOH) Receives $407.45 Consensus PT from Analysts

Molina Healthcare, Inc. (NYSE:MOH) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $407.45.

MOH has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an “equal weight” rating for the company in a research note on Thursday, April 25th. Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a research note on Thursday, May 30th. TD Cowen dropped their price target on shares of Molina Healthcare from $453.00 to $412.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Robert W. Baird started coverage on shares of Molina Healthcare in a report on Thursday, May 30th. They set an “outperform” rating and a $405.00 price target on the stock. Finally, Bank of America downgraded shares of Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target on the stock. in a report on Thursday, March 28th.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock opened at $293.19 on Thursday. Molina Healthcare has a 52-week low of $288.79 and a 52-week high of $423.92. The stock has a market capitalization of $17.18 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 0.91 and a beta of 0.58. The company has a fifty day moving average of $321.87 and a 200-day moving average of $360.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.49 and a current ratio of 1.49.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping the consensus estimate of $5.46 by $0.27. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.45 billion. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.81 EPS. Equities research analysts expect that Molina Healthcare will post 23.56 EPS for the current year.

Insider Activity

In other news, COO James Woys sold 10,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total transaction of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares in the company, valued at $18,504,526.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO James Woys sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $345.15, for a total value of $3,451,500.00. Following the sale, the chief operating officer now owns 53,613 shares in the company, valued at $18,504,526.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronna Romney sold 250 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $343.27, for a total transaction of $85,817.50. Following the completion of the sale, the director now owns 16,945 shares in the company, valued at approximately $5,816,710.15. The disclosure for this sale can be found here. Company insiders own 1.11% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MOH. McIlrath & Eck LLC purchased a new position in Molina Healthcare during the fourth quarter worth $34,000. VisionPoint Advisory Group LLC boosted its stake in Molina Healthcare by 105.6% during the third quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company’s stock worth $36,000 after buying an additional 57 shares during the period. Raleigh Capital Management Inc. boosted its stake in Molina Healthcare by 40.4% during the third quarter. Raleigh Capital Management Inc. now owns 125 shares of the company’s stock worth $41,000 after buying an additional 36 shares during the period. Principal Securities Inc. purchased a new position in Molina Healthcare during the fourth quarter worth $42,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in Molina Healthcare by 3,933.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock worth $43,000 after buying an additional 118 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.