Molina Healthcare (NYSE:MOH) Rating Reiterated by Stephens

Molina Healthcare (NYSE:MOH)‘s stock had its “equal weight” rating reiterated by Stephens in a report released on Thursday, Benzinga reports. They currently have a $390.00 price objective on the stock. Stephens’ price target would suggest a potential upside of 13.96% from the stock’s current price.

MOH has been the subject of several other research reports. Truist Financial lifted their price objective on Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, April 4th. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Bank of America cut Molina Healthcare from a “neutral” rating to an “underperform” rating and set a $439.00 target price for the company. in a research note on Thursday, March 28th. Finally, Barclays initiated coverage on Molina Healthcare in a research note on Wednesday, March 6th. They issued an “equal weight” rating and a $437.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $396.09.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $342.23 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 1.54. The company has a market capitalization of $20.05 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.99 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 business has a 50 day simple moving average of $391.53 and a 200 day simple moving average of $371.87.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.45 billion. During the same quarter in the previous year, the company posted $5.81 EPS. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. On average, sell-side analysts forecast that Molina Healthcare will post 23.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard M. Schapiro sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total value of $401,050.00. Following the sale, the director now directly owns 11,207 shares in the company, valued at $4,494,567.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Lowell Keim sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 36,531 shares in the company, valued at $14,121,423.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,711 shares of company stock worth $6,472,517. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Molina Healthcare

A number of institutional investors have recently modified their holdings of MOH. Clear Creek Financial Management LLC raised its holdings in Molina Healthcare by 2.2% during the first quarter. Clear Creek Financial Management LLC now owns 1,462 shares of the company’s stock worth $601,000 after acquiring an additional 32 shares in the last quarter. Checchi Capital Advisers LLC bought a new stake in Molina Healthcare during the first quarter worth about $246,000. Lindbrook Capital LLC raised its holdings in Molina Healthcare by 47.0% during the first quarter. Lindbrook Capital LLC now owns 322 shares of the company’s stock worth $132,000 after acquiring an additional 103 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Molina Healthcare by 9.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,400 shares of the company’s stock worth $4,273,000 after acquiring an additional 900 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in Molina Healthcare during the first quarter worth about $240,000. 98.50% of the stock is currently owned by institutional investors.

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.