Molina Healthcare (NYSE:MOH) Price Target Cut to $325.00 by Analysts at UBS Group

Molina Healthcare (NYSE:MOH) had its target price reduced by UBS Group from $374.00 to $325.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

MOH has been the subject of several other research reports. Stephens reaffirmed an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research note on Thursday. Robert W. Baird decreased their target price on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Truist Financial decreased their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays increased 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Stock Down 0.4 %

Shares of NYSE:MOH opened at $283.92 on Friday. The firm has a market capitalization of $16.24 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The business has a 50 day simple moving average of $298.55 and a two-hundred day simple moving average of $318.15. Molina Healthcare has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. On average, equities analysts predict that Molina Healthcare will post 24.5 EPS for the current year.

Institutional Investors Weigh In On Molina Healthcare

Several institutional investors have recently bought and sold shares of the company. Waldron Private Wealth LLC lifted its holdings in shares of Molina Healthcare by 4.7% during the 4th quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock valued at $212,000 after purchasing an additional 33 shares during the last quarter. WCM Investment Management LLC raised its stake in Molina Healthcare by 3.4% in the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after buying an additional 36 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Molina Healthcare by 1.4% in the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock worth $960,000 after acquiring an additional 39 shares in the last quarter. Caprock Group LLC grew its stake in shares of Molina Healthcare by 3.3% during the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock worth $503,000 after acquiring an additional 47 shares during the last quarter. Finally, Bank of Hawaii grew its stake in shares of Molina Healthcare by 4.6% during the third quarter. Bank of Hawaii now owns 1,224 shares of the company’s stock worth $422,000 after acquiring an additional 54 shares during the last quarter. 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.