Molina Healthcare (NYSE:MOH) Price Target Raised to $400.00 at Mizuho

Molina Healthcare (NYSE:MOH) had its price objective upped by equities researchers at Mizuho from $376.00 to $400.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 21.19% from the company’s previous close.

A number of other research analysts have also recently commented on MOH. StockNews.com cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a report on Tuesday, December 17th. Truist Financial dropped their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. UBS Group lowered their price target on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Finally, Barclays lowered their target price on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $350.75.

Molina Healthcare Stock Down 3.0 %

NYSE MOH opened at $330.06 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $383.58. The business’s fifty day simple moving average is $308.30 and its 200-day simple moving average is $308.03. The firm has a market cap of $18.05 billion, a PE ratio of 16.16, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results 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, equities analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total value of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of Molina Healthcare

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC increased its position in Molina Healthcare by 4.7% during the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after buying an additional 33 shares during the period. Angeles Investment Advisors LLC boosted its stake in Molina Healthcare by 5.4% during the 4th quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock worth $244,000 after purchasing an additional 43 shares during the period. Coldstream Capital Management Inc. boosted its stake in Molina Healthcare by 2.1% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,346 shares of the company’s stock worth $683,000 after purchasing an additional 48 shares during the period. Rothschild Investment LLC grew its position in Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after purchasing an additional 48 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Molina Healthcare by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,627 shares of the company’s stock valued at $906,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.