Molina Healthcare’s (MOH) Neutral Rating Reaffirmed at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Molina Healthcare (NYSE:MOH) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a $375.00 target price on the stock, up from their prior target price of $331.00.

MOH has been the topic of several other research reports. Barclays cut their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Stephens restated an “equal weight” rating and issued a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Guggenheim started coverage on shares of Molina Healthcare in a research note on Wednesday, April 9th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $295.00 to $372.00 in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Molina Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $359.42.

Molina Healthcare Trading Down 3.7 %

Shares of MOH opened at $335.57 on Tuesday. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.06 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $373.22. The company has a 50-day moving average of $312.03 and a 200 day moving average of $308.21.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share 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%. On average, research analysts expect that Molina Healthcare will post 24.4 EPS for the current year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Molina Healthcare

A number of large investors have recently made changes to their positions in MOH. Rothschild Investment LLC grew its stake in Molina Healthcare by 126.3% during the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after purchasing an additional 48 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Versant Capital Management Inc boosted 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 valued at $47,000 after buying an additional 74 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in Molina Healthcare in the 4th quarter worth approximately $52,000. Finally, Hurley Capital LLC purchased a new position in Molina Healthcare during the 4th quarter worth approximately $55,000. 98.50% of the stock is owned by hedge funds and other 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.