Molina Healthcare Given Buy Rating at Jefferies Group (MOH)
Molina Healthcare (NYSE:MOH)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Friday. They currently have a $50.00 target price on the stock, down from their previous target price of $54.00. Jefferies Group’s target price would suggest a potential upside of 23.98% from the company’s current price.
Molina Healthcare (NYSE:MOH) opened at 40.33 on Friday. Molina Healthcare has a 1-year low of $31.10 and a 1-year high of $47.22. The stock’s 50-day moving average is $44.93 and its 200-day moving average is $39.86. The company has a market cap of $1.876 billion and a P/E ratio of 69.00.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, July 30th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.46 by $0.30. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company posted $0.34 earnings per share. Molina Healthcare’s revenue was up 44.0% compared to the same quarter last year. On average, analysts predict that Molina Healthcare will post $2.02 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MOH. Analysts at Barclays reiterated an “equal weight” rating on shares of Molina Healthcare in a research note on Thursday. They now have a $46.00 price target on the stock, up previously from $44.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Molina Healthcare in a research note on Thursday. They now have a $42.00 price target on the stock, down previously from $43.00. Finally, analysts at Susquehanna raised their price target on shares of Molina Healthcare from $52.00 to $53.00 in a research note on Monday, July 14th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.00.
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of families and individuals and to assist state agencies in their administration of the Medicaid program.
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.