Analysts Set Molina Healthcare, Inc. (NYSE:MOH) PT at $367.17

Molina Healthcare, Inc. (NYSE:MOH) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $367.17.

Several equities research analysts have recently issued reports on MOH shares. Barclays raised their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Jefferies Financial Group decreased their price objective on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a report on Wednesday, July 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th.

Molina Healthcare Stock Performance

Shares of Molina Healthcare stock opened at $318.91 on Wednesday. The firm has a market capitalization of $18.24 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.14 and a beta of 0.59. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $329.80 and its 200 day simple moving average is $326.35. Molina Healthcare has a 12 month low of $272.69 and a 12 month high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The company had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the previous year, the firm earned $5.05 EPS. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. As a group, analysts anticipate that Molina Healthcare will post 23.44 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in Molina Healthcare during the second quarter worth about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare in the second quarter worth approximately $40,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the second quarter worth approximately $59,000. Capital Performance Advisors LLP bought a new position in Molina Healthcare during the third quarter valued at approximately $62,000. Finally, UMB Bank n.a. raised its stake in shares of Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after acquiring an additional 101 shares in the last quarter. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.