Molina Healthcare, Inc (NYSE:MOH) Stock Now Rated “Hold” by Wall Street Analysts

Molina Healthcare, Inc (NYSE:MOH) has received a consensus rating of “Hold” from the seventeen research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $202.44.

Several equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Sunday, October 4th. Weiss Ratings cut Molina Healthcare from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, October 6th. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th. Barclays dropped their price objective on Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research note on Friday, July 24th. Finally, Truist Financial cut their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research note on Friday, July 24th.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently bought and sold shares of the stock. Elevation Wealth Partners LLC raised its stake in 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 in the last quarter. Global Retirement Partners LLC bought a new stake in Molina Healthcare during the second quarter worth about $39,000. Physician Wealth Advisors Inc. lifted its position in Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Molina Healthcare by 64.5% during the fourth 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 period. Finally, SJS Investment Consulting Inc. boosted its position in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after acquiring an additional 207 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Down 0.0%

Shares of NYSE MOH opened at $196.85 on Wednesday. The firm’s 50-day moving average is $198.06 and its 200-day moving average is $191.32. The firm has a market capitalization of $10.28 billion, a PE ratio of -1,093.57, a price-to-earnings-growth ratio of 28.22 and a beta of 0.78. Molina Healthcare has a 1 year low of $121.06 and a 1 year high of $244.89. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

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

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.