Molina Healthcare, Inc. (NYSE:MOH) Receives $344.14 Average Price Target from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOHGet Rating) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $344.14.

Several research firms have weighed in on MOH. Bank of America lowered Molina Healthcare from a “buy” rating to an “underperform” rating and lowered their target price for the company from $355.00 to $335.00 in a report on Thursday, May 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Molina Healthcare from $311.00 to $315.00 in a research report on Monday, August 1st. Loop Capital started coverage on Molina Healthcare in a research report on Thursday, June 16th. They issued a “hold” rating and a $310.00 price objective on the stock. Cowen upped their price objective on Molina Healthcare to $371.00 in a research report on Tuesday, August 9th. Finally, Wells Fargo & Company upped their price objective on Molina Healthcare from $307.00 to $345.00 and gave the company an “underweight” rating in a research report on Friday, August 26th.

Insiders Place Their Bets

In other Molina Healthcare news, Director Dale B. Wolf sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $327.99, for a total transaction of $655,980.00. Following the completion of the sale, the director now directly owns 11,824 shares in the company, valued at $3,878,153.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Molina Healthcare news, Director Dale B. Wolf sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $327.99, for a total transaction of $655,980.00. Following the completion of the sale, the director now directly owns 11,824 shares in the company, valued at $3,878,153.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronna Romney sold 200 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $327.04, for a total value of $65,408.00. Following the sale, the director now owns 16,651 shares of the company’s stock, valued at $5,445,543.04. The disclosure for this sale can be found here. Insiders sold 40,326 shares of company stock worth $13,267,548 over the last three months. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Molina Healthcare

A number of large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its stake in shares of Molina Healthcare by 10.9% in the second quarter. Quadrant Capital Group LLC now owns 316 shares of the company’s stock valued at $88,000 after buying an additional 31 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Molina Healthcare by 0.5% in the second quarter. Captrust Financial Advisors now owns 6,315 shares of the company’s stock valued at $1,766,000 after buying an additional 33 shares in the last quarter. American Trust grew its stake in shares of Molina Healthcare by 3.3% in the first quarter. American Trust now owns 1,193 shares of the company’s stock valued at $398,000 after buying an additional 38 shares in the last quarter. Commerce Bank grew its stake in Molina Healthcare by 1.1% during the 4th quarter. Commerce Bank now owns 3,624 shares of the company’s stock valued at $1,153,000 after purchasing an additional 40 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Molina Healthcare by 123.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock valued at $25,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 95.40% of the company’s stock.

Molina Healthcare Stock Up 0.4 %

Molina Healthcare stock opened at $337.37 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $19.60 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 1.17 and a beta of 0.85. Molina Healthcare has a fifty-two week low of $249.57 and a fifty-two week high of $361.25. The stock’s fifty day moving average is $307.16 and its two-hundred day moving average is $310.35.

Molina Healthcare (NYSE:MOHGet Rating) last posted its earnings results on Wednesday, July 27th. The company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.21. The company had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.69 billion. Molina Healthcare had a return on equity of 32.97% and a net margin of 2.48%. Molina Healthcare’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.40 earnings per share. Analysts predict that Molina Healthcare will post 17.58 EPS for the current fiscal year.

Molina Healthcare Company Profile

(Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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