Molina Healthcare (NYSE:MOH) Raised to “Strong-Buy” at Zacks Research

Molina Healthcare (NYSE:MOH) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

MOH has been the topic of several other reports. Mizuho set a $215.00 target price on shares of Molina Healthcare in a research report on Monday, June 8th. Weiss Ratings raised Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. JPMorgan Chase & Co. upped their price target on Molina Healthcare from $169.00 to $191.00 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Wall Street Zen downgraded Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, Truist Financial reduced their target price on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $202.44.

Molina Healthcare Price Performance

Shares of MOH opened at $188.87 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $9.86 billion, a PE ratio of -1,049.23, a PEG ratio of 27.40 and a beta of 0.75. The firm’s 50 day moving average price is $202.43 and its 200 day moving average price is $187.34. Molina Healthcare has a twelve month low of $121.06 and a twelve month high of $244.89.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.39 by $0.12. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same quarter in the prior year, the business posted $5.48 EPS. Molina Healthcare’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts expect that Molina Healthcare will post 5.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Molina Healthcare in the 2nd quarter valued at approximately $1,503,052,000. Dimensional Fund Advisors LP grew its holdings in shares of Molina Healthcare by 23.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock worth $185,929,000 after purchasing an additional 267,121 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Molina Healthcare by 11.9% during the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock worth $289,810,000 after purchasing an additional 135,247 shares in the last quarter. 8 Knots Management LLC bought a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $198,942,000. Finally, Capital Research Global Investors increased its position in shares of Molina Healthcare by 0.4% during the fourth quarter. Capital Research Global Investors now owns 795,909 shares of the company’s stock valued at $138,122,000 after purchasing an additional 3,123 shares during the period. 98.50% of the stock is owned by institutional investors and hedge funds.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.