Molina Healthcare, Inc (NYSE:MOH) Receives $198.93 Consensus PT from Analysts

Molina Healthcare, Inc (NYSE:MOH) has earned an average rating of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $198.9286.

Several research analysts have weighed in on MOH shares. Truist Financial set a $175.00 price target on Molina Healthcare in a research note on Friday, October 24th. TD Cowen lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $203.00 target price for the company. in a research report on Thursday, October 16th. Wells Fargo & Company cut their target price on shares of Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Morgan Stanley set a $158.00 price target on shares of Molina Healthcare in a research note on Friday, October 24th. Finally, Cantor Fitzgerald dropped their price objective on shares of Molina Healthcare from $210.00 to $180.00 and set a “neutral” rating for the company in a report on Friday, October 24th.

Insider Activity at Molina Healthcare

In other news, Director Richard M. Schapiro sold 357 shares of Molina Healthcare stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $143.02, for a total transaction of $51,058.14. Following the completion of the sale, the director owned 11,352 shares of the company’s stock, valued at approximately $1,623,563.04. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in Molina Healthcare by 175.4% in the 3rd quarter. Allworth Financial LP now owns 2,151 shares of the company’s stock worth $412,000 after purchasing an additional 1,370 shares in the last quarter. IFP Advisors Inc boosted its holdings in Molina Healthcare by 116.9% during the third quarter. IFP Advisors Inc now owns 1,440 shares of the company’s stock worth $276,000 after buying an additional 776 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Molina Healthcare by 17.7% during the third quarter. Swiss Life Asset Management Ltd now owns 13,671 shares of the company’s stock valued at $2,616,000 after buying an additional 2,060 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Molina Healthcare by 2,713.0% in the third quarter. CIBC Private Wealth Group LLC now owns 2,813 shares of the company’s stock valued at $538,000 after buying an additional 2,713 shares in the last quarter. Finally, Prana Capital Management LP acquired a new position in shares of Molina Healthcare in the third quarter worth about $5,242,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $168.52 on Thursday. The company has a 50 day moving average price of $161.91 and a 200-day moving average price of $195.64. Molina Healthcare has a 52 week low of $133.40 and a 52 week high of $359.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $9.13 billion, a PE ratio of 10.43 and a beta of 0.52.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($2.13). The firm had revenue of $11.48 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $6.01 earnings per share. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, equities research analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.