Molina Healthcare, Inc. (NYSE:MOH – Get Rating) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $358.64.
A number of research analysts recently issued reports on MOH shares. Wells Fargo & Company lowered their target price on shares of Molina Healthcare from $340.00 to $307.00 and set an “underweight” rating on the stock in a research note on Friday, February 17th. Barclays lowered their price objective on shares of Molina Healthcare from $400.00 to $375.00 and set an “overweight” rating for the company in a research report on Wednesday, January 4th. StockNews.com raised shares of Molina Healthcare from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “neutral” rating and set a $388.00 price target on the stock in a research note on Tuesday, December 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Molina Healthcare from $360.00 to $348.00 and set an “overweight” rating on the stock in a research report on Thursday, February 23rd.
Molina Healthcare Stock Up 1.2 %
Shares of Molina Healthcare stock opened at $263.78 on Friday. The company has a fifty day moving average price of $291.15 and a 200 day moving average price of $321.72. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.81. Molina Healthcare has a twelve month low of $249.78 and a twelve month high of $374.00. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 0.68 and a beta of 0.66.
Insider Buying and Selling at Molina Healthcare
In other news, Director Daniel Cooperman sold 5,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $276.77, for a total transaction of $1,383,850.00. Following the completion of the transaction, the director now owns 4,944 shares of the company’s stock, valued at $1,368,350.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.
Institutional Trading of Molina Healthcare
A number of hedge funds have recently bought and sold shares of the company. Private Trust Co. NA bought a new stake in Molina Healthcare in the second quarter valued at approximately $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in Molina Healthcare by 64.3% in the third quarter. Massmutual Trust Co. FSB ADV now owns 92 shares of the company’s stock valued at $30,000 after acquiring an additional 36 shares during the period. Guardian Wealth Advisors LLC bought a new position in Molina Healthcare in the third quarter valued at about $31,000. Coppell Advisory Solutions Corp. bought a new position in shares of Molina Healthcare in the fourth quarter worth about $34,000. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter worth about $35,000. Institutional investors own 94.25% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc engages in the provision of health care services. It operates through the following segments: Medicaid, Medicare, Marketplace, and Other. The company was founded by C. David Molina in 1980 and is headquartered in Long Beach, CA.
- Get a free copy of the StockNews.com research report on Molina Healthcare (MOH)
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