Molina Healthcare, Inc. (NYSE:MOH) Receives $378.00 Consensus Target Price from Analysts

Molina Healthcare, Inc. (NYSE:MOH) has been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $378.00.

A number of research firms recently weighed in on MOH. Truist Financial dropped their price target on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Stephens restated an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a research report on Thursday, July 25th. Wells Fargo & Company upped their price objective on Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. reduced their target price on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Jefferies Financial Group lowered their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now owns 18,025 shares of the company’s stock, valued at $6,114,260.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $6,114,260.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Maurice Hebert sold 393 shares of the business’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 sale, the chief accounting officer now owns 9,473 shares in the company, valued at $3,282,583.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates grew its holdings in shares of Molina Healthcare by 59.9% in the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after acquiring an additional 15,840 shares in the last quarter. Blue Trust Inc. boosted its position in Molina Healthcare by 84.9% during the third quarter. Blue Trust Inc. now owns 479 shares of the company’s stock valued at $165,000 after purchasing an additional 220 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Molina Healthcare by 1.0% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,942 shares of the company’s stock valued at $2,047,000 after purchasing an additional 61 shares in the last quarter. AlphaMark Advisors LLC increased its position in shares of Molina Healthcare by 1.8% during the 3rd quarter. AlphaMark Advisors LLC now owns 3,608 shares of the company’s stock worth $1,243,000 after purchasing an additional 65 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Molina Healthcare by 26.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock worth $306,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

MOH stock opened at $289.72 on Friday. The company has a 50 day moving average price of $339.60 and a 200 day moving average price of $332.85. Molina Healthcare has a fifty-two week low of $282.96 and a fifty-two week high of $423.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $16.98 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.13. The business 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%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.65 earnings per share. Analysts forecast that Molina Healthcare will post 23.5 EPS for the current year.

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.