Brokerages Set Molina Healthcare, Inc (NYSE:MOH) Target Price at $202.44

Shares of Molina Healthcare, Inc (NYSE:MOH) have received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $202.4375.

A number of analysts recently commented on MOH shares. Robert W. Baird lifted their price target on Molina Healthcare from $124.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. Truist Financial decreased their target price on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Weiss Ratings cut Molina Healthcare from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, TD Cowen boosted their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOH. ARGA Investment Management LP increased its stake in shares of Molina Healthcare by 1.4% during the 1st quarter. ARGA Investment Management LP now owns 4,166 shares of the company’s stock worth $555,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after purchasing an additional 78 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Molina Healthcare by 64.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock valued at $40,000 after purchasing an additional 91 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Molina Healthcare by 0.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,668 shares of the company’s stock valued at $2,616,000 after purchasing an additional 92 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Molina Healthcare by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 16,753 shares of the company’s stock valued at $3,206,000 after purchasing an additional 104 shares during the period. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $198.65 on Tuesday. Molina Healthcare has a 52 week low of $121.06 and a 52 week high of $244.89. The company’s 50 day moving average price is $211.20 and its two-hundred day moving average price is $178.68. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The stock has a market cap of $10.37 billion, a P/E ratio of -1,103.57, a P/E/G ratio of 28.70 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to the consensus estimate of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.48 EPS. On average, equities analysts predict that Molina Healthcare will post 5.29 earnings per share for the current year.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.