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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.

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