Stephens Begins Coverage on Molina Healthcare (MOH)

Research analysts at Stephens started coverage on shares of Molina Healthcare (NYSE:MOH) in a research report issued on Monday, The Fly reports. The brokerage set an “equal weight” rating on the stock.

Several other analysts have also recently commented on the company. Morgan Stanley lifted their price target on Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, October 18th. Jefferies Financial Group cut Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Friday, October 12th. They noted that the move was a valuation call. Zacks Investment Research cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Evercore ISI initiated coverage on Molina Healthcare in a report on Tuesday, October 9th. They issued an “in-line” rating and a $158.00 price target for the company. Finally, ValuEngine cut Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Molina Healthcare presently has an average rating of “Buy” and a consensus target price of $140.92.

Shares of MOH stock opened at $133.38 on Monday. Molina Healthcare has a twelve month low of $71.07 and a twelve month high of $154.06. The stock has a market capitalization of $8.15 billion, a P/E ratio of 238.18, a PEG ratio of 1.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.40 and a quick ratio of 1.40.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.90. The firm had revenue of $4.70 billion during the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.62) EPS. On average, analysts expect that Molina Healthcare will post 8.12 EPS for the current year.

In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $135.86, for a total transaction of $135,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dale B. Wolf sold 4,000 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $135.57, for a total value of $542,280.00. Following the sale, the director now owns 10,214 shares of the company’s stock, valued at approximately $1,384,711.98. The disclosure for this sale can be found here. Insiders have sold a total of 9,195 shares of company stock valued at $1,187,506 in the last quarter. Company insiders own 0.65% of the company’s stock.

Large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Molina Healthcare by 185.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,226 shares of the company’s stock worth $170,000 after purchasing an additional 796 shares during the period. Ibex Investors LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $200,000. Cerebellum GP LLC purchased a new position in Molina Healthcare in the 4th quarter worth approximately $158,000. PEAK6 Investments LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $212,000. Finally, Alpha Cubed Investments LLC purchased a new position in Molina Healthcare in the 3rd quarter worth approximately $200,000.

About Molina Healthcare

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

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