Molina Healthcare, Inc (NYSE:MOH) Stock Has Average Target Price of $202.44

by · The Cerbat Gem

Molina Healthcare, Inc (NYSE:MOH – Get Free Report) has earned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $202.44.

Several research firms have weighed in on MOH. Wall Street Zen cut Molina Healthcare from a “hold” rating to a “sell” rating in a report on Sunday, October 4th. Jefferies Financial Group set a $230.00 price objective on Molina Healthcare in a report on Tuesday, July 14th. TD Cowen increased their target price on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Truist Financial cut their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd.

Check Out Our Latest Stock Report on Molina Healthcare

Molina Healthcare Trading Up 0.6%

Shares of Molina Healthcare stock opened at $196.85 on Wednesday. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of -1,093.57, a PEG ratio of 28.05 and a beta of 0.78. The business has a 50-day moving average price of $198.06 and a 200-day moving average price of $190.93. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Molina Healthcare has a twelve month low of $121.06 and a twelve month high of $244.89.

Molina Healthcare (NYSE:MOH – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to analysts’ expectations of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.48 earnings per share. Equities research analysts anticipate that Molina Healthcare will post 5.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently made changes to their positions in MOH. Wedmont Private Capital increased its stake in Molina Healthcare by 3.6% during the third quarter. Wedmont Private Capital now owns 1,918 shares of the company’s stock worth $375,000 after acquiring an additional 66 shares during the last quarter. LifeGoal Investments LLC lifted its stake in shares of Molina Healthcare by 7.2% in the 3rd quarter. LifeGoal Investments LLC now owns 1,585 shares of the company’s stock valued at $300,000 after purchasing an additional 107 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Molina Healthcare by 15.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,379 shares of the company’s stock valued at $450,000 after purchasing an additional 315 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings 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 worth $1,092,000 after purchasing an additional 1,987 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $572,000. 98.50% of the stock is owned by hedge funds and other institutional investors.

About Molina Healthcare

(Get Free Report)

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.

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