Molina Healthcare, Inc. (NYSE:MOH) Receives $393.09 Consensus Price Target from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $393.09.

MOH has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. Barclays started coverage on Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 price target for the company. Truist Financial raised their price target on Molina Healthcare from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. StockNews.com lowered Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Finally, Bank of America lowered Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 price target for the company. in a research note on Thursday, March 28th.

Insider Buying and Selling at Molina Healthcare

In other Molina Healthcare news, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $386.56, for a total transaction of $5,798,400.00. Following the completion of the transaction, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares in the company, valued at $4,688,220.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Mark Lowell Keim sold 15,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $386.56, for a total value of $5,798,400.00. Following the transaction, the chief financial officer now owns 36,531 shares of the company’s stock, valued at $14,121,423.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,711 shares of company stock valued at $6,472,517. 1.11% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Molina Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC increased its holdings in shares of Molina Healthcare by 19.5% during the first quarter. V Square Quantitative Management LLC now owns 1,496 shares of the company’s stock valued at $615,000 after acquiring an additional 244 shares in the last quarter. Demars Financial Group LLC increased its holdings in Molina Healthcare by 2.3% in the 1st quarter. Demars Financial Group LLC now owns 10,345 shares of the company’s stock worth $4,250,000 after buying an additional 230 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Molina Healthcare in the 1st quarter worth about $244,000. Amalgamated Bank increased its holdings in Molina Healthcare by 6.2% in the 1st quarter. Amalgamated Bank now owns 16,530 shares of the company’s stock worth $6,791,000 after buying an additional 960 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in Molina Healthcare by 1.8% in the 1st quarter. Fifth Third Bancorp now owns 2,003 shares of the company’s stock worth $823,000 after buying an additional 35 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Up 1.2 %

Shares of NYSE MOH opened at $367.62 on Friday. The stock has a market capitalization of $21.54 billion, a P/E ratio of 19.58, a PEG ratio of 1.01 and a beta of 0.47. Molina Healthcare has a one year low of $266.35 and a one year high of $423.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.54 and a quick ratio of 1.54. The firm’s 50 day simple moving average is $393.09 and its two-hundred day simple moving average is $372.04.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, February 7th. The company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $9.05 billion during the quarter, compared to analyst estimates of $8.35 billion. Molina Healthcare had a return on equity of 32.34% and a net margin of 3.20%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.10 earnings per share. As a group, analysts expect that Molina Healthcare will post 23.62 EPS for the current fiscal year.

Molina Healthcare Company Profile

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.