Brokerages Set Molina Healthcare, Inc (NYSE:MOH) Price Target at $202.44

Shares of Molina Healthcare, Inc (NYSE:MOH) have been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $202.4375.

Several research analysts have issued reports on MOH shares. Sanford C. Bernstein set a $286.00 price target on shares of Molina Healthcare in a report on Monday, July 13th. Zacks Research raised shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Truist Financial decreased their price objective on shares of Molina Healthcare from $250.00 to $225.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Morgan Stanley lifted their target price on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group set a $230.00 target price on shares of Molina Healthcare in a report on Tuesday, July 14th.

Molina Healthcare Stock Down 1.7%

Shares of MOH opened at $197.69 on Tuesday. The stock’s 50-day moving average price is $211.25 and its two-hundred day moving average price is $178.42. Molina Healthcare has a 12 month low of $121.06 and a 12 month high of $244.89. The company has a market capitalization of $10.32 billion, a PE ratio of -1,098.22, a PEG ratio of 28.82 and a beta of 0.75. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Torren Management LLC acquired a new stake in Molina Healthcare during the fourth quarter worth approximately $26,000. Physician Wealth Advisors Inc. lifted its stake in Molina Healthcare by 1,250.0% in the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Quarry LP acquired a new position in Molina Healthcare in the fourth quarter valued at approximately $32,000. SJS Investment Consulting Inc. boosted its holdings in shares of Molina Healthcare by 504.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company’s stock worth $33,000 after buying an additional 207 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in shares of Molina Healthcare by 118.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company’s stock worth $33,000 after buying an additional 78 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

About Molina Healthcare

Molina Healthcare, Inc is a managed care company specializing in government-sponsored health insurance programs. The company offers Medicaid managed care plans, Medicare Advantage and prescription drug plans, and individual Marketplace plans under the Affordable Care Act. Through an integrated care model, Molina emphasizes preventive and primary care services, care coordination, and disease management to improve health outcomes for its members.

The company traces its roots to the early 1980s, when Dr.