Molina Healthcare (NYSE:MOH) Price Target Raised to $225.00

Molina Healthcare (NYSE:MOH) had its price objective hoisted by JPMorgan Chase & Co. from $220.00 to $225.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Sanford C. Bernstein restated an “outperform” rating on shares of Molina Healthcare in a report on Tuesday. Wells Fargo & Company lowered their price target on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $163.00 price target on shares of Molina Healthcare in a report on Monday. Barclays dropped their price target on shares of Molina Healthcare from $180.00 to $178.00 and set an “underweight” rating on the stock in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Molina Healthcare from $218.00 to $222.00 and gave the stock a “sector perform” rating in a research note on Friday, October 23rd. Three equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and an average price target of $213.88.

Molina Healthcare Trading Up 0.3%

Molina Healthcare stock opened at $198.68 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 99.05, a PEG ratio of 11.69 and a beta of 0.78. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89. The company’s fifty day moving average price is $200.48 and its two-hundred day moving average price is $184.69.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a positive return on equity of 2.50% and a negative net margin of 0.11%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. On average, analysts forecast that Molina Healthcare will post 5.30 earnings per share for the current fiscal year.

Institutional Trading of Molina Healthcare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. BlackRock Inc. acquired a new position in shares of Molina Healthcare during the second quarter valued at $1,503,052,000. Dimensional Fund Advisors LP boosted its holdings in Molina Healthcare by 23.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock valued at $185,929,000 after acquiring an additional 267,121 shares during the last quarter. Wellington Management Group LLP increased its position in Molina Healthcare by 11.9% in the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock worth $289,810,000 after purchasing an additional 135,247 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Molina Healthcare in the second quarter worth about $152,339,000. Finally, Maverick Capital Ltd. acquired a new stake in Molina Healthcare in the first quarter worth about $86,081,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.