Shares of Molina Healthcare, Inc. (NYSE:MOH) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $154.33.
A number of brokerages have recently commented on MOH. Morgan Stanley cut their price objective on shares of Molina Healthcare from $172.00 to $158.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Stephens set a $150.00 price objective on shares of Molina Healthcare and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Deutsche Bank began coverage on shares of Molina Healthcare in a research report on Thursday, September 12th. They issued a “buy” rating and a $145.00 price objective on the stock. Jefferies Financial Group lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and cut their price objective for the stock from $133.00 to $120.00 in a research report on Wednesday, October 30th. Finally, Bank of America reissued an “underperform” rating and issued a $140.00 price objective (up previously from $132.00) on shares of Molina Healthcare in a research report on Wednesday, July 31st.
In other Molina Healthcare news, Director Ronna Romney sold 375 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $121.97, for a total transaction of $45,738.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.77% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC bought a new stake in Molina Healthcare during the third quarter worth $26,000. Advisors Preferred LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at $37,000. Stonebridge Capital Advisors LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at $57,000. Endurance Wealth Management Inc. acquired a new position in shares of Molina Healthcare in the third quarter valued at $44,000. Finally, Financial Gravity Wealth Inc. increased its holdings in shares of Molina Healthcare by 35.0% in the second quarter. Financial Gravity Wealth Inc. now owns 501 shares of the company’s stock valued at $72,000 after purchasing an additional 130 shares during the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Molina Healthcare stock traded up $4.76 on Friday, hitting $126.18. The company had a trading volume of 1,025,811 shares, compared to its average volume of 726,956. The firm has a market capitalization of $7.55 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.11 and a beta of 1.12. Molina Healthcare has a twelve month low of $105.28 and a twelve month high of $159.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a 50-day moving average of $116.55 and a 200-day moving average of $130.14.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Tuesday, October 29th. The company reported $2.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.70 by $0.10. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Molina Healthcare had a net margin of 4.47% and a return on equity of 49.14%. The business’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.97 earnings per share. Equities analysts predict that Molina Healthcare will post 11.52 EPS for the current year.
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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