Molina Healthcare (NYSE:MOH) Given New $353.00 Price Target at Deutsche Bank Aktiengesellschaft

Molina Healthcare (NYSE:MOH) had its target price lowered by Deutsche Bank Aktiengesellschaft from $354.00 to $353.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the company. Truist Financial dropped their price target on Molina Healthcare from $440.00 to $400.00 and set a buy rating on the stock in a research report on Monday, July 15th. Barclays dropped their target price on Molina Healthcare from $437.00 to $430.00 and set an equal weight rating on the stock in a research report on Thursday, April 25th. Baird R W raised Molina Healthcare to a strong-buy rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. dropped their target price on Molina Healthcare from $420.00 to $395.00 and set an overweight rating on the stock in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group dropped their target price on Molina Healthcare from $354.00 to $297.00 and set a hold rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $374.25.

Molina Healthcare Trading Up 1.4 %

NYSE:MOH opened at $346.19 on Monday. The firm has a market capitalization of $20.29 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 1.19 and a beta of 0.58. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $306.82 and its two-hundred day moving average price is $352.34. Molina Healthcare has a 1-year low of $282.96 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.75 billion. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. Molina Healthcare’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.65 earnings per share. On average, equities analysts expect that Molina Healthcare will post 23.5 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In related news, insider Jeff D. Barlow 5,340 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Ronna Romney sold 250 shares of Molina Healthcare stock in a transaction that occurred 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 transaction, the director now directly owns 16,945 shares in the company, valued at approximately $5,816,710.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeff D. Barlow 5,340 shares of the firm’s stock in a transaction on Monday, July 29th. The disclosure for this trade can be found here. In the last three months, insiders sold 11,250 shares of company stock worth $3,876,528. 1.10% of the stock is owned by company insiders.

Institutional Trading of Molina Healthcare

Several hedge funds have recently added to or reduced their stakes in MOH. Ritholtz Wealth Management lifted its holdings in Molina Healthcare by 2.1% during the 4th quarter. Ritholtz Wealth Management now owns 1,620 shares of the company’s stock worth $585,000 after purchasing an additional 33 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Molina Healthcare by 10.1% during the 4th quarter. Fifth Third Bancorp now owns 1,968 shares of the company’s stock worth $711,000 after purchasing an additional 181 shares during the last quarter. AdvisorNet Financial Inc lifted its holdings in Molina Healthcare by 3.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,264 shares of the company’s stock worth $818,000 after purchasing an additional 77 shares during the last quarter. JLB & Associates Inc. lifted its holdings in Molina Healthcare by 9.9% during the 4th quarter. JLB & Associates Inc. now owns 6,059 shares of the company’s stock worth $2,189,000 after purchasing an additional 548 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its holdings in Molina Healthcare by 3,933.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 121 shares of the company’s stock valued at $43,000 after acquiring an additional 118 shares in the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

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.