Molina Healthcare (NYSE:MOH) Stock Price Target Raised at JPMorgan Chase & Co.

Molina Healthcare (NYSE:MOH) had its target price increased by research analysts at JPMorgan Chase & Co. from $220.00 to $225.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.78% from the company’s previous close.

Several other equities analysts also recently weighed in on MOH. Wells Fargo & Company reduced their target price on shares of Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 28th. UBS Group upped their price objective on shares of Molina Healthcare from $202.00 to $225.00 and gave the stock a “neutral” rating in a research report on Friday. Morgan Stanley upped their target price on Molina Healthcare from $167.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Friday. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a research report on Friday, October 9th. Finally, Weiss Ratings raised shares of Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $213.88.

Molina Healthcare Stock Down 3.4%

MOH traded down $7.04 during midday trading on Tuesday, hitting $197.75. The company had a trading volume of 448,026 shares, compared to its average volume of 1,279,888. The stock’s 50 day moving average price is $200.74 and its 200 day moving average price is $184.42. Molina Healthcare has a 52 week low of $121.06 and a 52 week high of $244.89. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of -205.61, a PEG ratio of 29.89 and a beta of 0.78. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.95.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.84 EPS. On average, research analysts anticipate that Molina Healthcare will post 5.30 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MOH. Fortitude Family Office LLC boosted its holdings in shares of Molina Healthcare by 63.7% during the 3rd quarter. Fortitude Family Office LLC now owns 131 shares of the company’s stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Molina Healthcare by 504.9% during the first quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in Molina Healthcare by 118.2% during the second quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock valued at $33,000 after purchasing an additional 78 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Molina Healthcare in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company’s services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.