Molina Healthcare, Inc. (NYSE:MOH) Given Consensus Rating of “Hold” by Analysts

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $361.91.

MOH has been the topic of several research reports. Wells Fargo & Company upped their price target on Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Barclays raised their target price on shares of Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th.

Molina Healthcare Price Performance

MOH opened at $291.05 on Thursday. The company has a market capitalization of $16.65 billion, a P/E ratio of 14.78, a PEG ratio of 1.04 and a beta of 0.54. The company has a 50-day moving average of $305.11 and a 200-day moving average of $317.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, beating the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The firm had revenue of $10.34 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same period in the previous year, the company earned $5.05 earnings per share. Molina Healthcare’s quarterly revenue was up 21.0% on a year-over-year basis. Equities analysts expect that Molina Healthcare will post 23.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Retirement Systems of Alabama grew its position in Molina Healthcare by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 12,926 shares of the company’s stock valued at $3,843,000 after buying an additional 123 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Molina Healthcare by 8.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 70,187 shares of the company’s stock valued at $20,867,000 after acquiring an additional 5,691 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Molina Healthcare by 3.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,578 shares of the company’s stock valued at $6,415,000 after acquiring an additional 689 shares during the period. Innealta Capital LLC bought a new stake in Molina Healthcare during the second quarter worth approximately $36,000. Finally, Crossmark Global Holdings Inc. raised its holdings in Molina Healthcare by 15.9% during the second quarter. Crossmark Global Holdings Inc. now owns 6,786 shares of the company’s stock worth $2,017,000 after purchasing an additional 930 shares in the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.