Analysts Set Molina Healthcare, Inc. (NYSE:MOH) Price Target at $355.67

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $355.67.

Several research firms have recently issued reports on MOH. Barclays lowered their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Truist Financial reduced their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, StockNews.com downgraded Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th.

Institutional Investors Weigh In On Molina Healthcare

A number of large investors have recently made changes to their positions in the company. Waldron Private Wealth LLC lifted its position in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after buying an additional 33 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of Molina Healthcare by 3.4% during the 3rd quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after buying an additional 36 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of Molina Healthcare by 1.4% during the 3rd quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after buying an additional 39 shares in the last quarter. Angeles Investment Advisors LLC lifted its position in shares of Molina Healthcare by 5.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after buying an additional 43 shares in the last quarter. Finally, Caprock Group LLC lifted its position in shares of Molina Healthcare by 3.3% during the 3rd quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Price Performance

MOH opened at $268.65 on Friday. The stock has a 50-day moving average price of $294.57 and a 200-day moving average price of $315.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The firm has a market cap of $14.91 billion, a PE ratio of 13.15, a P/E/G ratio of 0.94 and a beta of 0.54. Molina Healthcare has a 1 year low of $262.32 and a 1 year high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts predict that Molina Healthcare will post 24.5 earnings per share for the current fiscal 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.