Molina Healthcare, Inc (NYSE:MOH) Receives Average Recommendation of “Hold” from Analysts

Shares of Molina Healthcare, Inc (NYSE:MOH) have received a consensus rating of “Hold” from the seventeen research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $202.4375.

MOH has been the subject of a number of research reports. TD Cowen increased 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. Wells Fargo & Company reduced their price objective on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a report on Monday, June 8th. Royal Bank Of Canada dropped their target price on Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, September 11th.

Institutional Trading of Molina Healthcare

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC lifted its position in shares of Molina Healthcare by 71.2% in the second quarter. Sequoia Financial Advisors LLC now owns 4,777 shares of the company’s stock worth $1,092,000 after purchasing an additional 1,987 shares in the last quarter. WINTON GROUP Ltd bought a new position in Molina Healthcare in the second quarter valued at $572,000. Cidel Asset Management Inc. acquired a new stake in Molina Healthcare in the 2nd quarter valued at $342,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Molina Healthcare in the 2nd quarter valued at $209,000. Finally, Integrated Wealth Concepts LLC lifted its position in Molina Healthcare by 56.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,669 shares of the company’s stock worth $3,584,000 after buying an additional 5,681 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

Shares of MOH opened at $202.48 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. Molina Healthcare has a twelve month low of $121.06 and a twelve month high of $244.89. The firm’s 50 day moving average price is $206.39 and its two-hundred day moving average price is $185.69. The firm has a market cap of $10.57 billion, a P/E ratio of -1,124.82, a PEG ratio of 29.66 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last issued 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 company had revenue of $10.87 billion during the quarter, compared to the consensus estimate of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 earnings per share. On average, analysts forecast that Molina Healthcare will post 5.29 EPS for the current fiscal year.

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.