Jefferies Group LLC Raises Molina Healthcare Inc (MOH) Price Target to $74.00

Molina Healthcare Inc (NYSE:MOH) had its target price boosted by analysts at Jefferies Group LLC from $64.00 to $74.00 in a report released on Friday, November 3rd. The brokerage presently has a “hold” rating on the stock. Jefferies Group LLC’s target price suggests a potential downside of 1.93% from the company’s previous close. Jefferies Group also issued estimates for Molina Healthcare’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.72 EPS, Q3 2018 earnings at $0.82 EPS and FY2018 earnings at $3.06 EPS.

Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet cut shares of Molina Healthcare from a “b” rating to a “c” rating in a research note on Monday, August 7th. Deutsche Bank AG restated a “hold” rating and issued a $72.00 price objective on shares of Molina Healthcare in a research note on Wednesday, August 9th. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, BMO Capital Markets initiated coverage on shares of Molina Healthcare in a report on Monday, October 16th. They issued a “market perform” rating and a $70.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.30.

Shares of Molina Healthcare (MOH) traded up $0.55 on Friday, reaching $75.46. 779,325 shares of the company were exchanged, compared to its average volume of 1,263,632. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $4,284.33, a P/E ratio of 23.30 and a beta of 0.91. Molina Healthcare has a 52-week low of $42.56 and a 52-week high of $80.65.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Thursday, November 2nd. The company reported ($1.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a positive return on equity of 17.76% and a negative net margin of 1.76%. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $4.95 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. equities analysts predict that Molina Healthcare will post -3.88 earnings per share for the current year.

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In other Molina Healthcare news, COO Terry Bayer sold 9,077 shares of Molina Healthcare stock in a transaction on Monday, November 6th. The shares were sold at an average price of $77.45, for a total transaction of $703,013.65. Following the completion of the transaction, the chief operating officer now directly owns 74,478 shares of the company’s stock, valued at $5,768,321.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider William Dentino sold 67,500 shares of Molina Healthcare stock in a transaction on Monday, October 16th. The stock was sold at an average price of $61.49, for a total value of $4,150,575.00. The disclosure for this sale can be found here. Insiders sold 455,835 shares of company stock worth $31,225,846 over the last quarter. 6.20% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation acquired a new position in Molina Healthcare in the third quarter valued at about $118,000. LS Investment Advisors LLC raised its stake in Molina Healthcare by 40.9% in the second quarter. LS Investment Advisors LLC now owns 1,829 shares of the company’s stock valued at $127,000 after purchasing an additional 531 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Molina Healthcare in the second quarter valued at about $136,000. Riverhead Capital Management LLC raised its stake in Molina Healthcare by 64.2% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the company’s stock valued at $170,000 after purchasing an additional 963 shares in the last quarter. Finally, Sabal Trust CO acquired a new position in Molina Healthcare in the third quarter valued at about $206,000. 97.98% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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