Molina Healthcare, Inc. (NYSE:MOH) Receives Average Recommendation of “Moderate Buy” from Analysts

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.

Molina Healthcare (NYSE:MOH – Get Rating) last issued its earnings results on Wednesday, February 8th. The company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.04. The business had revenue of $8.22 billion for the quarter, compared to analyst estimates of $7.87 billion. Molina Healthcare had a net margin of 2.48% and a return on equity of 36.05%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 EPS. Equities research analysts forecast that Molina Healthcare will post 19.76 earnings per share for the current fiscal year.

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

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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.