Analysts Set Molina Healthcare, Inc (NYSE:MOH) Price Target at $202.44

Molina Healthcare, Inc (NYSE:MOH) has received an average rating of “Hold” from the seventeen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $202.4375.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. TD Cowen boosted their target price on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Barclays reduced their target price on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research report on Friday, July 24th. Finally, Truist Financial decreased their price target on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, July 24th.

Hedge Funds Weigh In On Molina Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC increased its holdings in shares of Molina Healthcare by 71.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,777 shares of the company’s stock worth $1,092,000 after purchasing an additional 1,987 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Molina Healthcare during the second quarter valued at $572,000. Cidel Asset Management Inc. bought a new position in shares of Molina Healthcare during the second quarter valued at $342,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at $209,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Molina Healthcare by 56.9% during the second quarter. Integrated Wealth Concepts LLC now owns 15,669 shares of the company’s stock valued at $3,584,000 after buying an additional 5,681 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $214.06 on Friday. Molina Healthcare has a fifty-two week low of $121.06 and a fifty-two week high of $244.89. The stock’s 50 day simple moving average is $207.49 and its two-hundred day simple moving average is $184.86. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of -1,189.17, a PEG ratio of 29.27 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm had revenue of $10.87 billion during the quarter, compared to analyst estimates of $10.83 billion. During the same quarter in the prior year, the company earned $5.48 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, analysts expect that Molina Healthcare will post 5.29 earnings per share for the current fiscal year.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.