Molina Healthcare (NYSE:MOH) Price Target Lowered to $340.00 at Truist Financial

Molina Healthcare (NYSE:MOH) had its target price dropped by research analysts at Truist Financial from $370.00 to $340.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 23.64% from the company’s current price.

MOH has been the topic of a number of other research reports. Barclays cut their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. UBS Group dropped their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday, February 7th. Robert W. Baird dropped their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $353.17.

Molina Healthcare Stock Up 2.4 %

Shares of NYSE:MOH traded up $6.44 during trading hours on Wednesday, hitting $275.00. The company’s stock had a trading volume of 260,376 shares, compared to its average volume of 642,142. The firm’s fifty day moving average price is $294.57 and its 200 day moving average price is $315.79. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.99 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts expect that Molina Healthcare will post 24.37 EPS for the current year.

Hedge Funds Weigh In On Molina Healthcare

Several large investors have recently made changes to their positions in the company. Colonial Trust Co SC raised its position in Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the period. True Wealth Design LLC raised its position in Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the period. Versant Capital Management Inc raised its position in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after acquiring an additional 74 shares during the period. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare during the fourth quarter worth $52,000. Finally, Hurley Capital LLC acquired a new position in Molina Healthcare during the fourth quarter worth $55,000. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Company Profile

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.