Molina Healthcare, Inc. (NYSE:MOH) Receives Consensus Rating of “Hold” from Analysts

Molina Healthcare, Inc. (NYSE:MOH) has received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $355.67.

Several research firms recently commented on MOH. Robert W. Baird reduced their price objective on Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a report on Thursday, October 24th. UBS Group reduced their price objective on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Stephens reiterated an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th.

Institutional Trading of Molina Healthcare

Large investors have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in Molina Healthcare by 76.2% during the 3rd quarter. CWM LLC now owns 4,001 shares of the company’s stock valued at $1,379,000 after buying an additional 1,730 shares during the period. Exchange Traded Concepts LLC raised its holdings in Molina Healthcare by 85.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 3,129 shares of the company’s stock valued at $1,078,000 after buying an additional 1,438 shares during the period. Creative Planning raised its holdings in Molina Healthcare by 2.7% during the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock valued at $2,913,000 after buying an additional 226 shares during the period. NBC Securities Inc. raised its holdings in Molina Healthcare by 5.2% during the 3rd quarter. NBC Securities Inc. now owns 2,098 shares of the company’s stock valued at $722,000 after buying an additional 103 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in Molina Healthcare by 26.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock valued at $306,000 after buying an additional 183 shares during the period. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Price Performance

Shares of NYSE:MOH opened at $270.91 on Friday. Molina Healthcare has a 1-year low of $262.32 and a 1-year high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55. The business has a fifty day moving average price of $296.30 and a 200-day moving average price of $317.47. The company has a market capitalization of $15.50 billion, a PE ratio of 13.26, a PEG ratio of 0.94 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. As a group, equities analysts expect that Molina Healthcare will post 24.5 EPS for the current fiscal year.

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.