Molina Healthcare (NYSE:MOH) Cut to “Buy” at StockNews.com

StockNews.com cut shares of Molina Healthcare (NYSE:MOH) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. UBS Group lowered their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday. Stephens reiterated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a report on Thursday, February 6th. Truist Financial lowered their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Barclays lowered their price target on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and a consensus target price of $355.67.

Molina Healthcare Price Performance

MOH stock opened at $286.20 on Friday. Molina Healthcare has a one year low of $272.69 and a one year high of $423.92. The stock has a market cap of $16.37 billion, a PE ratio of 14.01, a P/E/G ratio of 0.94 and a beta of 0.54. The firm has a 50 day simple moving average of $297.96 and a two-hundred day simple moving average of $318.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, analysts predict that Molina Healthcare will post 24.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently made changes to their positions in MOH. True Wealth Design LLC boosted its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its position in shares of Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after purchasing an additional 88 shares in the last quarter. Finally, Financial Perspectives Inc bought a new stake in shares of Molina Healthcare during the fourth quarter valued at approximately $59,000. 98.50% of the stock is currently owned by institutional investors.

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.