Molina Healthcare, Inc. (NYSE:MOH) Receives $359.18 Consensus PT from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $359.18.

Several research firms recently commented on MOH. Wells Fargo & Company boosted their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Barclays upped their target price on Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Robert W. Baird dropped their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, Truist Financial dropped their target price on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $304.03 on Monday. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.54 and a quick ratio of 1.55. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The firm’s fifty day moving average price is $295.63 and its 200 day moving average price is $317.41.

Hedge Funds Weigh In On Molina Healthcare

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Molina Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 2,614,311 shares of the company’s stock worth $900,787,000 after purchasing an additional 13,001 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Molina Healthcare by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 470,932 shares of the company’s stock worth $140,026,000 after buying an additional 84,929 shares during the period. AQR Capital Management LLC lifted its stake in Molina Healthcare by 36.2% in the second quarter. AQR Capital Management LLC now owns 463,537 shares of the company’s stock valued at $137,810,000 after buying an additional 123,121 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Molina Healthcare by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 390,078 shares of the company’s stock worth $134,405,000 after acquiring an additional 10,030 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Molina Healthcare by 0.3% in the 3rd quarter. Swiss National Bank now owns 173,900 shares of the company’s stock worth $59,919,000 after acquiring an additional 500 shares during the period. 98.50% of the stock is currently owned by institutional investors and hedge funds.

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.