JPMorgan Chase & Co. Has Lowered Expectations for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH) had its price target lowered by research analysts at JPMorgan Chase & Co. from $272.00 to $184.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 14.76% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Sanford C. Bernstein started coverage on shares of Molina Healthcare in a research note on Tuesday, April 22nd. They issued an “outperform” rating and a $414.00 price target for the company. Barclays reduced their price target on shares of Molina Healthcare from $270.00 to $186.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. UBS Group reduced their price target on shares of Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a research note on Friday, July 25th. Morgan Stanley lowered shares of Molina Healthcare from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $364.00 to $266.00 in a research note on Thursday, July 10th. Finally, Wall Street Zen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research note on Sunday, June 29th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $244.55.

Molina Healthcare Price Performance

NYSE MOH opened at $160.33 on Tuesday. Molina Healthcare has a 52 week low of $156.36 and a 52 week high of $365.23. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 4.53 and a beta of 0.55. The company has a 50-day moving average price of $260.86 and a two-hundred day moving average price of $294.37.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The firm had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter last year, the company posted $5.86 EPS. Molina Healthcare’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts forecast that Molina Healthcare will post 24.4 EPS for the current year.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently made changes to their positions in MOH. Rothschild Investment LLC lifted its position in shares of Molina Healthcare by 126.3% in the 1st quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 48 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Molina Healthcare in the 1st quarter valued at approximately $29,000. Colonial Trust Co SC lifted its position in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in shares of Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after acquiring an additional 34 shares in the last quarter. Finally, Elequin Capital LP lifted its position in shares of Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.