Molina Healthcare, Inc. (NYSE:MOH) Receives $367.17 Consensus Target Price from Analysts

Molina Healthcare, Inc. (NYSE:MOH) has been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $367.17.

MOH has been the subject of several analyst reports. Barclays boosted their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Stephens reissued an “equal weight” rating and set a $320.00 target price on shares of Molina Healthcare in a research note on Thursday, July 25th. Truist Financial decreased their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Finally, StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th.

Insider Buying and Selling at Molina Healthcare

In other news, CAO Maurice Hebert sold 393 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Molina Healthcare

Large investors have recently modified their holdings of the company. CWM LLC raised its position in shares of Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock worth $1,379,000 after acquiring an additional 1,730 shares in the last quarter. Cetera Investment Advisers raised its holdings in Molina Healthcare by 516.4% during the first quarter. Cetera Investment Advisers now owns 10,238 shares of the company’s stock worth $4,206,000 after purchasing an additional 8,577 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Molina Healthcare by 28.4% during the 1st quarter. ProShare Advisors LLC now owns 10,352 shares of the company’s stock worth $4,253,000 after buying an additional 2,288 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Molina Healthcare by 5.5% in the 1st quarter. Sei Investments Co. now owns 41,038 shares of the company’s stock valued at $16,859,000 after buying an additional 2,157 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of Molina Healthcare in the 1st quarter valued at $69,320,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Stock Down 2.4 %

Shares of MOH stock opened at $329.65 on Wednesday. The stock’s 50-day simple moving average is $330.97 and its 200-day simple moving average is $327.22. The firm has a market capitalization of $18.86 billion, a PE ratio of 16.74, a P/E/G ratio of 1.12 and a beta of 0.59. Molina Healthcare has a fifty-two week low of $272.69 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. The company 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 2.92% and a return on equity of 27.88%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.05 earnings per share. Equities analysts expect that Molina Healthcare will post 23.44 earnings per share for the current year.

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.