Molina Healthcare (NYSE:MOH) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Molina Healthcare to “sell” from “hold,” while the broader analyst consensus remains “hold,” with an average price target of $202.44.
• Several analysts recently reduced their price targets, including Wells Fargo to $220, Truist Financial to $225, and RBC to $218, although JPMorgan raised its target to $191.
• Molina reported quarterly earnings of $1.51 per share, beating estimates of $1.39, but revenue fell 4.8% year over year to $10.87 billion; the stock was trading at $189.74 after rising 4.9%.

Molina Healthcare (NYSE:MOH - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday, Wall Street Zen reports.

A number of other equities research analysts have also recently issued reports on MOH. Wells Fargo & Company decreased their target price on Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 28th. Cantor Fitzgerald restated a "neutral" rating on shares of Molina Healthcare in a research note on Friday, September 4th. Truist Financial lowered their target price on shares of Molina Healthcare from $250.00 to $225.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Royal Bank Of Canada dropped their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating on the stock in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Molina Healthcare from $169.00 to $191.00 and gave the stock a "neutral" rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $202.44.

Molina Healthcare Trading Up 4.9%

Molina Healthcare stock opened at $189.74 on Friday. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89. The company's fifty day moving average price is $198.33 and its two-hundred day moving average price is $189.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of -1,054.03, a PEG ratio of 27.16 and a beta of 0.78.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. The company had revenue of $10.87 billion during the quarter, compared to analysts' expectations of $10.83 billion. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.48 earnings per share. On average, analysts forecast that Molina Healthcare will post 5.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Physician Wealth Advisors Inc. raised its stake in Molina Healthcare by 1,250.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company's stock worth $33,000 after purchasing an additional 207 shares during the last quarter. Elevation Wealth Partners LLC grew its position in Molina Healthcare by 118.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 144 shares of the company's stock worth $33,000 after purchasing an additional 78 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Molina Healthcare during the 2nd quarter worth about $39,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Molina Healthcare by 64.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 232 shares of the company's stock worth $40,000 after purchasing an additional 91 shares during the period. Institutional investors own 98.50% of the company's stock.

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related healthcare services primarily to individuals and families who receive coverage through government-sponsored programs. Its main lines of business include Medicaid, Medicare, and health plans offered through government marketplaces.

The company works with state and federal agencies, healthcare providers, and community organizations to coordinate care for members, including low-income adults and children, seniors, and people with disabilities or complex medical needs.

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