Molina Healthcare, Inc. (NYSE:MOH) Given Consensus Rating of “Moderate Buy” by Brokerages

Molina Healthcare, Inc. (NYSE:MOH) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $355.69.

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Wells Fargo & Company upgraded shares of Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Truist Financial cut their target price on shares of Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Stephens restated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, March 10th.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $308.51 on Tuesday. The firm’s 50 day moving average is $298.06 and its two-hundred day moving average is $310.66. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $17.12 billion, a P/E ratio of 15.10, a PEG ratio of 1.06 and a beta of 0.56. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. Analysts anticipate that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Activity

In related news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the transaction, the director now directly owns 17,375 shares of the company’s stock, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On Molina Healthcare

Institutional investors have recently added to or reduced their stakes in the company. Waldron Private Wealth LLC raised its stake in shares of Molina Healthcare by 4.7% in the fourth quarter. Waldron Private Wealth LLC now owns 729 shares of the company’s stock worth $212,000 after acquiring an additional 33 shares during the last quarter. WCM Investment Management LLC grew its holdings in Molina Healthcare by 3.4% during the third quarter. WCM Investment Management LLC now owns 1,080 shares of the company’s stock valued at $369,000 after purchasing an additional 36 shares during the period. Metis Global Partners LLC grew its holdings in Molina Healthcare by 1.4% during the third quarter. Metis Global Partners LLC now owns 2,785 shares of the company’s stock valued at $960,000 after purchasing an additional 39 shares during the period. Angeles Investment Advisors LLC boosted its holdings in shares of Molina Healthcare by 5.4% in the fourth quarter. Angeles Investment Advisors LLC now owns 838 shares of the company’s stock valued at $244,000 after buying an additional 43 shares during the period. Finally, Caprock Group LLC boosted its holdings in shares of Molina Healthcare by 3.3% in the third quarter. Caprock Group LLC now owns 1,460 shares of the company’s stock valued at $503,000 after buying an additional 47 shares during the period. 98.50% of the stock is owned by institutional investors.

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.