Molina Healthcare Inc. (NYSE:MOH) was upgraded by analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research note issued on Monday. The brokerage currently has a $58.00 price objective on the stock, up from their previous price objective of $51.00. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 2.04% from the company’s previous close.

A number of other brokerages also recently issued reports on MOH. Jefferies Group restated a “buy” rating and issued a $63.00 price target (down previously from $66.00) on shares of Molina Healthcare in a research report on Thursday, July 28th. Zacks Investment Research downgraded shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. Leerink Swann restated an “outperform” rating and issued a $75.00 price target on shares of Molina Healthcare in a research report on Wednesday, June 15th. Credit Suisse Group AG restated a “hold” rating on shares of Molina Healthcare in a research report on Tuesday, June 28th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $55.00 price target on shares of Molina Healthcare in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.30.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

Molina Healthcare (NYSE:MOH) opened at 56.84 on Monday. The company has a 50-day moving average of $56.26 and a 200-day moving average of $55.34. Molina Healthcare has a 52-week low of $44.50 and a 52-week high of $77.70. The company has a market cap of $3.23 billion, a P/E ratio of 24.61 and a beta of 1.67.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, July 27th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.18. Molina Healthcare had a net margin of 0.83% and a return on equity of 9.60%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts expect that Molina Healthcare will post $2.75 earnings per share for the current fiscal year.

In other Molina Healthcare news, COO Terry Bayer sold 8,250 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $58.00, for a total transaction of $478,500.00. Following the transaction, the chief operating officer now owns 176,834 shares in the company, valued at $10,256,372. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph W. Cpa White sold 6,676 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $58.48, for a total transaction of $390,412.48. The disclosure for this sale can be found here. Company insiders own 6.89% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC increased its position in Molina Healthcare by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,131 shares of the company’s stock valued at $356,000 after buying an additional 53 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in Molina Healthcare by 9.0% in the first quarter. BlackRock Japan Co. Ltd now owns 1,848 shares of the company’s stock valued at $119,000 after buying an additional 152 shares during the last quarter. CT Mason raised its stake in Molina Healthcare by 0.3% in the second quarter. CT Mason now owns 67,952 shares of the company’s stock valued at $3,391,000 after buying an additional 189 shares during the last quarter. GSA Capital Partners LLP raised its stake in Molina Healthcare by 1.4% in the second quarter. GSA Capital Partners LLP now owns 13,892 shares of the company’s stock valued at $693,000 after buying an additional 192 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Molina Healthcare by 0.7% in the second quarter. Advisors Asset Management Inc. now owns 29,953 shares of the company’s stock valued at $1,495,000 after buying an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.

About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business.

5 Day Chart for NYSE:MOH

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