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Molina Healthcare (NYSE:MOH) shares reached a new 52-week high on Friday , AnalystRatings.NET reports. The stock traded as high as $47.73 and last traded at $47.47, with a volume of 253,152 shares traded. The stock had previously closed at $46.61.

A number of research firms have recently commented on MOH. Analysts at Zacks downgraded shares of Molina Healthcare from an “outperform” rating to a “neutral” rating in a research note on Friday, August 22nd. They now have a $45.00 price target on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.25.

The stock has a 50-day moving average of $43.39 and a 200-day moving average of $40.59. The company has a market cap of $2.230 billion and a price-to-earnings ratio of 209.01.

Molina Healthcare (NYSE:MOH) last posted its quarterly 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. Analysts expect that Molina Healthcare will post $1.94 EPS for the current fiscal year.

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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