Truist Financial Issues Pessimistic Forecast for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH) had its target price cut by Truist Financial from $400.00 to $370.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

MOH has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Robert W. Baird lowered their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Barclays upped their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $359.18.

Molina Healthcare Stock Performance

NYSE:MOH opened at $298.93 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare has a twelve month low of $272.69 and a twelve month high of $423.92. The company has a fifty day moving average of $302.88 and a 200-day moving average of $317.62. The firm has a market capitalization of $17.10 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.04 and a beta of 0.54.

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

Institutional Trading of Molina Healthcare

Large investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC grew its position in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare during the second quarter valued at $40,000. Versant Capital Management Inc increased its position in Molina Healthcare by 83.1% in the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Molina Healthcare in the third quarter valued at $62,000. Finally, UMB Bank n.a. raised its stake in shares of Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 98.50% of the company’s stock.

Molina Healthcare Company Profile

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.