Analysts Set Molina Healthcare, Inc (NYSE:MOH) PT at $225.18

Molina Healthcare, Inc (NYSE:MOH) has been given a consensus recommendation of “Hold” by the thirteen analysts that are presently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $225.1818.

Several analysts have issued reports on MOH shares. Truist Financial restated a “hold” rating and issued a $180.00 target price (down from $335.00) on shares of Molina Healthcare in a research note on Friday, July 25th. UBS Group decreased their price objective on Molina Healthcare from $260.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, July 25th. Morgan Stanley downgraded shares of Molina Healthcare from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $364.00 to $266.00 in a report on Thursday, July 10th. Mizuho cut their target price on shares of Molina Healthcare from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, July 11th. Finally, Barclays lowered their price target on shares of Molina Healthcare from $186.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th.

Molina Healthcare Stock Up 0.7%

MOH opened at $192.75 on Friday. Molina Healthcare has a twelve month low of $151.95 and a twelve month high of $359.97. The company’s 50-day moving average price is $172.73 and its two-hundred day moving average price is $254.84. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 9.50 and a beta of 0.55. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.77.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $5.48 earnings per share (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 company had revenue of $11.43 billion for the quarter, compared to analysts’ expectations of $10.94 billion. During the same quarter in the previous year, the business earned $5.86 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Activity

In related news, Director Ronna Romney sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $153.74, for a total value of $107,618.00. Following the sale, the director directly owned 17,131 shares of the company’s stock, valued at $2,633,719.94. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO James Woys bought 10,000 shares of the company’s stock in a transaction on Monday, August 4th. The shares were bought at an average price of $155.94 per share, with a total value of $1,559,400.00. Following the completion of the transaction, the chief operating officer owned 74,331 shares of the company’s stock, valued at $11,591,176.14. The trade was a 15.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Institutional Trading of Molina Healthcare

Several institutional investors and hedge funds have recently made changes to their positions in MOH. Teacher Retirement System of Texas purchased a new position in Molina Healthcare in the first quarter worth $2,759,000. Farther Finance Advisors LLC lifted its stake in Molina Healthcare by 100.3% during the first quarter. Farther Finance Advisors LLC now owns 659 shares of the company’s stock worth $216,000 after purchasing an additional 330 shares during the last quarter. Swedbank AB boosted its holdings in shares of Molina Healthcare by 6.8% in the 2nd quarter. Swedbank AB now owns 102,176 shares of the company’s stock worth $30,438,000 after purchasing an additional 6,484 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Molina Healthcare by 3,192.6% during the 1st quarter. Acadian Asset Management LLC now owns 5,762 shares of the company’s stock valued at $1,897,000 after purchasing an additional 5,587 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Molina Healthcare during the 1st quarter valued at about $1,070,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

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.