Molina Healthcare, Inc. (NYSE:MOH) Receives $378.00 Consensus Target Price from Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH) have earned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $378.00.

Several brokerages recently weighed in on MOH. TD Cowen reduced their price target on shares of Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Truist Financial dropped their target price on shares of Molina Healthcare from $440.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Jefferies Financial Group dropped their target price on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Finally, Baird R W upgraded shares of Molina Healthcare to a “strong-buy” rating in a report on Thursday, May 30th.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the completion of the transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total value of $339,210.00. Following the sale, the director now owns 18,025 shares in the company, valued at approximately $6,114,260.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares in the company, valued at approximately $3,282,583.96. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Molina Healthcare

Hedge funds have recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at about $36,000. Ashton Thomas Private Wealth LLC purchased a new stake in Molina Healthcare in the 2nd quarter worth about $40,000. Principal Securities Inc. purchased a new stake in Molina Healthcare in the 4th quarter worth about $42,000. AM Squared Ltd purchased a new stake in Molina Healthcare in the 2nd quarter worth about $59,000. Finally, Mather Group LLC. purchased a new stake in Molina Healthcare in the 1st quarter worth about $123,000. 98.50% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Price Performance

Shares of NYSE MOH opened at $351.42 on Tuesday. Molina Healthcare has a fifty-two week low of $282.96 and a fifty-two week high of $423.92. The company has a 50 day simple moving average of $335.60 and a two-hundred day simple moving average of $343.15. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.20 and a beta of 0.57. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share for the quarter, beating analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter last year, the firm earned $5.65 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. Analysts expect that Molina Healthcare will post 23.5 EPS for the current fiscal year.

Molina Healthcare Company Profile

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.