Molina Healthcare Receives Consensus Recommendation of “Hold” from Analysts (NYSE:MOH)
Shares of Molina Healthcare (NYSE:MOH) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the stock, StockRatingsNetwork reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $47.45.
Shares of Molina Healthcare (NYSE:MOH) traded up 0.97% during mid-day trading on Thursday, hitting $42.84. 112,553 shares of the company’s stock traded hands. Molina Healthcare has a 52-week low of $31.10 and a 52-week high of $47.22. The stock’s 50-day moving average is $43.51 and its 200-day moving average is $40.23. The company has a market cap of $1.992 billion and a price-to-earnings ratio of 190.27.
Molina Healthcare (NYSE:MOH) last released its earnings data on Wednesday, July 30th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 44.0% on a year-over-year basis. Analysts expect that Molina Healthcare will post $1.94 EPS for the current fiscal year.
MOH has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Molina Healthcare in a research note on Wednesday, August 6th. They now have a $40.00 price target on the stock, up previously from $35.00. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Molina Healthcare in a research note on Friday, August 1st. They now have a $40.00 price target on the stock, up previously from $35.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Molina Healthcare in a research note on Friday, August 1st. They now have a $50.00 price target on the stock, down previously from $54.00.
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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