Molina Healthcare, Inc (NYSE:MOH) Receives $202.44 Average PT from Analysts

Molina Healthcare, Inc (NYSE:MOH) has received an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat.com reports. Two 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 price target among brokerages that have issued ratings on the stock in the last year is $202.4375.

Several equities research analysts have issued reports on MOH shares. Zacks Research downgraded Molina Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Wells Fargo & Company dropped their price objective on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Tuesday, July 28th. Sanford C. Bernstein set a $286.00 target price on Molina Healthcare in a research note on Monday, July 13th. Wall Street Zen cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, JPMorgan Chase & Co. raised their price objective on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, June 8th.

Molina Healthcare Stock Performance

NYSE:MOH opened at $201.22 on Friday. The company has a market capitalization of $10.50 billion, a P/E ratio of -1,117.82, a P/E/G ratio of 29.39 and a beta of 0.75. The business has a fifty day simple moving average of $205.23 and a two-hundred day simple moving average of $186.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare has a 1 year low of $121.06 and a 1 year high of $244.89.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.83 billion. During the same quarter in the prior year, the firm earned $5.48 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, analysts expect that Molina Healthcare will post 5.29 earnings per share for the current year.

Institutional Investors Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Molina Healthcare during the second quarter valued at about $1,503,052,000. Dimensional Fund Advisors LP grew 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 worth $185,929,000 after purchasing an additional 267,121 shares during the period. Wellington Management Group LLP raised its stake in Molina Healthcare by 11.9% during the second quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock valued at $289,810,000 after buying an additional 135,247 shares during the last quarter. 8 Knots Management LLC purchased a new position in shares of Molina Healthcare in the 4th quarter worth about $198,942,000. Finally, Capital Research Global Investors boosted its stake in Molina Healthcare by 0.4% in the 4th quarter. Capital Research Global Investors now owns 795,909 shares of the company’s stock worth $138,122,000 after purchasing an additional 3,123 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.