Molina Healthcare Inc (MOH) Price Target Raised to $89.00 at Morgan Stanley
Molina Healthcare Inc (NYSE:MOH) had its target price raised by Morgan Stanley from $68.00 to $89.00 in a report released on Friday. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 12.40% from the company’s previous close.
MOH has been the topic of a number of other research reports. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation increased their price target on shares of Molina Healthcare from $59.00 to $60.00 and gave the company an “underperform” rating in a report on Friday, July 14th. Mitsubishi UFJ Financial Group initiated coverage on shares of Molina Healthcare in a report on Thursday, September 21st. They set a “neutral” rating and a $70.00 price target on the stock. TheStreet cut shares of Molina Healthcare from a “b” rating to a “c” rating in a report on Monday, August 7th. Finally, BidaskClub cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Molina Healthcare presently has a consensus rating of “Hold” and a consensus price target of $64.30.
Molina Healthcare (MOH) opened at $79.18 on Friday. Molina Healthcare has a one year low of $42.56 and a one year high of $79.90. The firm has a market cap of $4,522.60, a P/E ratio of 24.59 and a beta of 0.91. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.80.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.21%. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. During the same period in the prior year, the business posted $0.85 EPS. Molina Healthcare’s revenue for the quarter was up 10.7% on a year-over-year basis. equities research analysts expect that Molina Healthcare will post -2.14 EPS for the current fiscal year.
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In other news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $60.00, for a total transaction of $60,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William Dentino sold 66,000 shares of Molina Healthcare stock in a transaction on Monday, August 7th. The stock was sold at an average price of $60.09, for a total transaction of $3,965,940.00. The disclosure for this sale can be found here. Insiders sold 398,853 shares of company stock worth $25,242,273 in the last 90 days. 6.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Molina Healthcare by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after acquiring an additional 23 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Molina Healthcare by 2.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,660 shares of the company’s stock worth $392,000 after acquiring an additional 150 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Molina Healthcare by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 55,116 shares of the company’s stock worth $3,813,000 after acquiring an additional 167 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Molina Healthcare by 1.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 14,440 shares of the company’s stock worth $659,000 after acquiring an additional 240 shares during the last quarter. Finally, Amalgamated Bank boosted its stake in shares of Molina Healthcare by 4.3% during the 2nd quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock worth $431,000 after acquiring an additional 258 shares during the last quarter. Institutional investors and hedge funds own 95.22% of the company’s stock.
Molina Healthcare Company Profile
Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.
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