Wall Street Zen Upgrades Molina Healthcare (NYSE:MOH) to Hold

Molina Healthcare (NYSE:MOH) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently issued reports on MOH. TD Cowen raised their price target on shares of Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a research report on Tuesday, July 14th. Sanford C. Bernstein set a $286.00 price objective on shares of Molina Healthcare in a research note on Monday, July 13th. Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a report on Tuesday, July 14th. Zacks Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. upped their target price on Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Molina Healthcare presently has an average rating of “Hold” and an average target price of $202.44.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $190.75 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of -1,059.69, a price-to-earnings-growth ratio of 27.35 and a beta of 0.75. Molina Healthcare has a twelve month low of $121.06 and a twelve month high of $244.89. The business has a 50 day simple moving average of $201.10 and a 200-day simple moving average of $188.00.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.12. The firm had revenue of $10.87 billion for the quarter, compared to analysts’ expectations of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the business posted $5.48 earnings per share. As a group, equities research analysts expect that Molina Healthcare will post 5.29 earnings per share for the current year.

Hedge Funds Weigh In On Molina Healthcare

Several institutional investors have recently modified their holdings of MOH. Elevation Wealth Partners LLC lifted its position in Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after purchasing an additional 78 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Molina Healthcare during the 2nd quarter valued at about $39,000. Physician Wealth Advisors Inc. boosted its stake in Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Molina Healthcare by 64.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company’s stock worth $40,000 after purchasing an additional 91 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.