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

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $155.89.

Several equities analysts have recently commented on MOH shares. ValuEngine raised Molina Healthcare from a “sell” rating to a “hold” rating in a report on Friday. Stephens set a $150.00 price target on Molina Healthcare and gave the stock a “hold” rating in a report on Wednesday, August 7th. Jefferies Financial Group lowered Molina Healthcare from a “buy” rating to a “hold” rating and reduced their price objective for the company from $133.00 to $120.00 in a research report on Wednesday, October 30th. Morgan Stanley dropped their target price on Molina Healthcare from $184.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, August 23rd. Finally, Deutsche Bank initiated coverage on Molina Healthcare in a research note on Thursday, September 12th. They issued a “buy” rating and a $145.00 target price on the stock.

In other news, Director Ronna Romney sold 375 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $121.97, for a total transaction of $45,738.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MOH. Man Group plc grew its stake in Molina Healthcare by 49.3% during the third quarter. Man Group plc now owns 17,739 shares of the company’s stock worth $1,946,000 after buying an additional 5,855 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Molina Healthcare by 42.6% in the 3rd quarter. Squarepoint Ops LLC now owns 43,980 shares of the company’s stock valued at $4,825,000 after buying an additional 13,137 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Molina Healthcare by 3.9% during the third quarter. Public Employees Retirement System of Ohio now owns 41,254 shares of the company’s stock worth $4,526,000 after acquiring an additional 1,540 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Molina Healthcare by 265.5% during the third quarter. Point72 Asset Management L.P. now owns 109,235 shares of the company’s stock worth $11,985,000 after acquiring an additional 79,350 shares during the last quarter. Finally, Ashford Capital Management Inc. lifted its stake in shares of Molina Healthcare by 17.5% during the third quarter. Ashford Capital Management Inc. now owns 6,185 shares of the company’s stock valued at $679,000 after acquiring an additional 920 shares during the period. Institutional investors and hedge funds own 95.85% of the company’s stock.

Shares of Molina Healthcare stock traded down $1.21 during trading hours on Tuesday, reaching $133.90. The company’s stock had a trading volume of 6,045 shares, compared to its average volume of 524,367. Molina Healthcare has a one year low of $105.28 and a one year high of $159.00. The company’s 50 day simple moving average is $126.12 and its 200 day simple moving average is $130.78. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $8.50 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.10. Molina Healthcare had a net margin of 4.47% and a return on equity of 49.14%. The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. Molina Healthcare’s quarterly revenue was down 9.7% on a year-over-year basis. On average, sell-side analysts predict that Molina Healthcare will post 11.55 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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