Molina Healthcare, Inc (NYSE:MOH) Stock Has Average Price Target of $202.44

Molina Healthcare, Inc (NYSE:MOH) has earned a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $202.44.

Several analysts have recently weighed in on MOH shares. Barclays lowered their price objective on shares of Molina Healthcare from $184.00 to $180.00 and set an “underweight” rating on the stock in a research report on Friday, July 24th. Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a research report on Tuesday, July 14th. Zacks Research raised Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 22nd. TD Cowen increased their target price on Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company lowered their price target on Molina Healthcare from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 28th.

Molina Healthcare Trading Up 2.5%

Shares of MOH opened at $209.38 on Wednesday. The firm’s 50 day simple moving average is $198.62 and its 200 day simple moving average is $192.25. The company has a market capitalization of $10.93 billion, a P/E ratio of -1,163.13, a P/E/G ratio of 29.29 and a beta of 0.78. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare has a 1-year low of $121.06 and a 1-year high of $244.89.

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

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Molina Healthcare during the 2nd quarter valued at about $1,503,052,000. Wellington Management Group LLP lifted its position in Molina Healthcare by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company’s stock worth $289,810,000 after buying an additional 135,247 shares during the last quarter. 8 Knots Management LLC bought a new stake in Molina Healthcare in the 4th quarter worth approximately $198,942,000. Dimensional Fund Advisors LP lifted its position in Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company’s stock worth $185,929,000 after buying an additional 267,121 shares during the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in Molina Healthcare in the second quarter worth approximately $152,339,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.