Molina Healthcare (NYSE:MOH) had its target price cut by equities researchers at Barclays from $140.00 to $130.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 7.72% from the company’s current price.

Several other research firms have also issued reports on MOH. Cowen assumed coverage on shares of Molina Healthcare in a research note on Thursday, February 28th. They issued a “market perform” rating for the company. Morgan Stanley lifted their price objective on shares of Molina Healthcare from $180.00 to $192.00 and gave the company an “overweight” rating in a research note on Wednesday, February 13th. Stephens assumed coverage on shares of Molina Healthcare in a research note on Monday, January 14th. They issued an “equal weight” rating and a $144.00 price objective for the company. Mitsubishi UFJ Financial Group raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $127.00 to $150.00 in a research note on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $144.83.

Molina Healthcare stock opened at $120.68 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.52. Molina Healthcare has a 12 month low of $80.77 and a 12 month high of $154.06. The firm has a market cap of $7.31 billion, a PE ratio of 10.89, a P/E/G ratio of 1.06 and a beta of 1.68.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Monday, February 11th. The company reported $3.88 EPS for the quarter, beating the consensus estimate of $1.52 by $2.36. Molina Healthcare had a net margin of 3.74% and a return on equity of 45.70%. The business had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.56 billion. As a group, equities analysts expect that Molina Healthcare will post 9.92 earnings per share for the current fiscal year.

In other Molina Healthcare news, Director Ronna Romney sold 200 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $136.66, for a total transaction of $27,332.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MOH. Oregon Public Employees Retirement Fund lifted its position in Molina Healthcare by 15,114.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,861,453 shares of the company’s stock worth $25,000 after acquiring an additional 2,842,645 shares during the last quarter. Vanguard Group Inc raised its position in shares of Molina Healthcare by 14.0% during the third quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock valued at $858,538,000 after buying an additional 709,776 shares during the last quarter. Norges Bank acquired a new position in shares of Molina Healthcare during the fourth quarter valued at about $78,437,000. Iridian Asset Management LLC CT raised its position in shares of Molina Healthcare by 43.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 1,057,983 shares of the company’s stock valued at $122,959,000 after buying an additional 320,543 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Molina Healthcare by 152.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 448,228 shares of the company’s stock valued at $52,089,000 after buying an additional 270,700 shares during the last quarter.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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