Molina Healthcare (NYSE:MOH) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Molina Healthcare (NYSE:MOH) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks reports.

A number of other brokerages also recently issued reports on MOH. Mizuho set a $215.00 price target on Molina Healthcare in a report on Monday, June 8th. Morgan Stanley upped their price objective on Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings upgraded Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Sanford C. Bernstein set a $286.00 target price on shares of Molina Healthcare in a report on Monday, July 13th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $202.44.

Molina Healthcare Price Performance

Shares of MOH stock opened at $188.87 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $9.86 billion, a P/E ratio of -1,049.23, a P/E/G ratio of 27.40 and a beta of 0.75. The company’s 50-day simple moving average is $202.43 and its two-hundred day simple moving average is $187.34. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89.

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

Institutional Investors Weigh In On Molina Healthcare

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

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.