Molina Healthcare (NYSE:MOH) had its target price upped by Piper Jaffray Companies to $165.00 in a report published on Wednesday, The Fly reports. They currently have an overweight rating on the stock.

Several other research firms also recently issued reports on MOH. Morgan Stanley lifted their price target on shares of Molina Healthcare from $132.00 to $178.00 and gave the stock an overweight rating in a research note on Wednesday, September 5th. Zacks Investment Research raised shares of Molina Healthcare from a hold rating to a buy rating and set a $144.00 price target on the stock in a research note on Friday, August 3rd. Barclays lifted their price target on shares of Molina Healthcare from $105.00 to $125.00 and gave the stock an equal weight rating in a research note on Thursday, August 2nd. Bank of America raised their price objective on shares of Molina Healthcare from $94.00 to $110.00 and gave the stock an underperform rating in a report on Wednesday, August 1st. Finally, SunTrust Banks raised their price objective on shares of Molina Healthcare to $140.00 and gave the stock a buy rating in a report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $120.42.

Molina Healthcare stock traded up $0.12 during midday trading on Wednesday, hitting $148.23. 9,577 shares of the stock were exchanged, compared to its average volume of 1,130,487. Molina Healthcare has a 1 year low of $58.66 and a 1 year high of $154.06. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 266.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.38 and a quick ratio of 1.38.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $1.99. Molina Healthcare had a negative net margin of 0.26% and a positive return on equity of 23.01%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the firm posted ($4.01) EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. analysts forecast that Molina Healthcare will post 6.68 earnings per share for the current fiscal year.

In other Molina Healthcare news, Director Daniel Cooperman sold 943 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $133.81, for a total transaction of $126,182.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ronna Romney sold 200 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $138.11, for a total transaction of $27,622.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,867 shares of company stock valued at $1,301,992. 0.65% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MOH. FMR LLC boosted its holdings in shares of Molina Healthcare by 85.3% in the 2nd quarter. FMR LLC now owns 4,584,133 shares of the company’s stock valued at $448,970,000 after buying an additional 2,110,308 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Molina Healthcare by 33.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,805,850 shares of the company’s stock valued at $274,805,000 after buying an additional 709,100 shares during the period. Millennium Management LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at about $48,044,000. Smith Asset Management Group LP acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at about $32,522,000. Finally, Wedge Capital Management L L P NC acquired a new position in shares of Molina Healthcare in the 2nd quarter valued at about $32,096,000.

About Molina Healthcare

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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