Molina Healthcare, Inc (NYSE:MOH) Stock Has Consensus Target Price of $213.88 According to Brokerages

Shares of Molina Healthcare, Inc (NYSE:MOH) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $213.88.

MOH has been the topic of a number of analyst reports. Truist Financial lowered their price objective on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Jefferies Financial Group restated a “hold” rating and set a $220.00 price objective on shares of Molina Healthcare in a research report on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Molina Healthcare from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, October 27th. Weiss Ratings raised Molina Healthcare from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, October 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Molina Healthcare in a research report on Tuesday, October 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ethic Inc. grew its position in Molina Healthcare by 2.5% during the third quarter. Ethic Inc. now owns 6,526 shares of the company’s stock valued at $1,234,000 after acquiring an additional 157 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Molina Healthcare by 1.9% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 78,102 shares of the company’s stock worth $14,769,000 after acquiring an additional 1,441 shares during the last quarter. Privium Fund Management B.V. raised its holdings in shares of Molina Healthcare by 36.4% in the 3rd quarter. Privium Fund Management B.V. now owns 4,064 shares of the company’s stock worth $769,000 after purchasing an additional 1,085 shares during the period. CenterBook Partners LP raised its holdings in shares of Molina Healthcare by 203.0% in the 3rd quarter. CenterBook Partners LP now owns 10,279 shares of the company’s stock worth $1,944,000 after purchasing an additional 6,887 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in shares of Molina Healthcare by 94.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 2,687 shares of the company’s stock valued at $508,000 after purchasing an additional 1,307 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Down 0.3%

Shares of NYSE:MOH opened at $207.87 on Friday. Molina Healthcare has a 1-year low of $121.06 and a 1-year high of $244.89. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $10.85 billion, a P/E ratio of 104.22, a P/E/G ratio of 12.30 and a beta of 0.75. The firm has a fifty day moving average price of $200.97 and a 200 day moving average price of $185.04.

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

Molina Healthcare Company Profile

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.