Molina Healthcare PT Lowered to $37.00 (MOH)
Research analysts at Credit Suisse lowered their price objective on shares of Molina Healthcare (NYSE:MOH) from $42.00 to $37.00 in a report released on Friday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target suggests a potential upside of 17.05% from the stock’s previous close.
Shares of Molina Healthcare (NYSE:MOH) traded down 0.09% during mid-day trading on Friday, hitting $31.61. 1,254,785 shares of the company’s stock traded hands. Molina Healthcare has a 1-year low of $24.85 and a 1-year high of $40.90. The stock has a 50-day moving average of $35.78 and a 200-day moving average of $36.29. The company has a market cap of $1.444 billion and a price-to-earnings ratio of 17.77.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 30th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.15. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Molina Healthcare will post $1.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MOH. Analysts at Zacks reiterated a “neutral” rating on shares of Molina Healthcare in a research note to investors on Thursday. They now have a $35.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Molina Healthcare from $40.00 to $36.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of Molina Healthcare from $40.00 to $36.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.82.
Molina Healthcare, Inc provides medicaid-related solutions. The Company operates in two segments: Health Plans and Molina Medicaid Solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.