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Molina Healthcare (NYSE:MOH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday. They currently have a $45.00 target price on the stock. Zacks‘s price target would suggest a potential upside of 4.21% from the stock’s previous close.

Shares of Molina Healthcare (NYSE:MOH) traded up 1.37% on Friday, hitting $43.77. 803,949 shares of the company’s stock traded hands. Molina Healthcare has a one year low of $31.10 and a one year high of $47.22. The stock’s 50-day moving average is $43.43 and its 200-day moving average is $40.26. The company has a market cap of $2.036 billion and a P/E ratio of 193.63.

Molina Healthcare (NYSE:MOH) last announced its earnings results 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. On average, analysts predict that Molina Healthcare will post $1.94 earnings per share for the current fiscal year.

A number of other firms have also recently commented on MOH. 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $47.25.

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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