Molina Healthcare, Inc (NYSE:MOH) Receives $202.44 Consensus PT from Analysts

Shares of Molina Healthcare, Inc (NYSE:MOH) have been given an average rating of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $202.4375.

MOH has been the topic of a number of research reports. Sanford C. Bernstein set a $286.00 price objective on Molina Healthcare in a report on Monday, July 13th. TD Cowen lifted their target price on Molina Healthcare from $163.00 to $230.00 and gave the stock a “hold” rating in a report on Tuesday, July 14th. Cantor Fitzgerald reissued a “neutral” rating on shares of Molina Healthcare in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Molina Healthcare from $169.00 to $191.00 and gave the company a “neutral” rating in a research note on Monday, June 8th. Finally, Bank of America raised shares of Molina Healthcare from an “underperform” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, April 29th.

Molina Healthcare Trading Up 1.9%

Shares of NYSE:MOH opened at $200.63 on Tuesday. Molina Healthcare has a 12-month low of $121.06 and a 12-month high of $244.89. The business has a 50 day moving average of $211.25 and a 200-day moving average of $178.58. 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 $10.47 billion, a PE ratio of -1,114.55, 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 company had revenue of $10.87 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.48 earnings per share. As a group, equities research analysts forecast that Molina Healthcare will post 5.29 earnings per share for the current year.

Institutional Trading of Molina Healthcare

A number of institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. bought a new stake in shares of Molina Healthcare during the 1st quarter worth approximately $210,000. NewEdge Advisors LLC raised its position in Molina Healthcare by 33.4% in the first quarter. NewEdge Advisors LLC now owns 1,106 shares of the company’s stock valued at $364,000 after purchasing an additional 277 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Molina Healthcare by 713.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,651 shares of the company’s stock worth $544,000 after buying an additional 1,448 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Molina Healthcare by 19.4% during the first quarter. Goldman Sachs Group Inc. now owns 249,466 shares of the company’s stock worth $82,172,000 after purchasing an additional 40,531 shares during the period. Finally, Woodline Partners LP acquired a new position in Molina Healthcare during the 1st quarter worth about $1,541,000. 98.50% of the stock is currently owned by institutional investors.

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.