Molina Healthcare (NYSE:MOH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Molina Healthcare from “sell” to “hold,” while the broader analyst consensus remains “hold” with an average price target of $202.44.
• Molina Healthcare shares opened at $190.75, down 1.3%, with the stock trading between a 12-month low of $121.06 and high of $244.89.
• The company exceeded quarterly earnings expectations, reporting $1.51 EPS versus the $1.39 consensus and $10.87 billion in revenue, although revenue declined 4.8% year over year and net margin was slightly negative.

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

Several other equities analysts have also recently commented on the stock. Sanford C. Bernstein set a $286.00 target price on shares of Molina Healthcare in a research report on Monday, July 13th. Morgan Stanley boosted their price objective on Molina Healthcare from $146.00 to $167.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their price objective on Molina Healthcare from $169.00 to $191.00 and gave the company a "neutral" rating in a research note on Monday, June 8th. Truist Financial decreased their target price on Molina Healthcare from $250.00 to $225.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, Wells Fargo & Company lowered their target price on Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Molina Healthcare currently has an average rating of "Hold" and an average price target of $202.44.

Molina Healthcare Trading Down 1.3%

NYSE MOH opened at $190.75 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $201.10 and a 200 day simple moving average of $187.71. Molina Healthcare has a 12 month low of $121.06 and a 12 month high of $244.89. The firm has a market capitalization of $9.96 billion, a P/E ratio of -1,059.69, a PEG ratio of 27.70 and a beta of 0.75.

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

Hedge Funds Weigh In On Molina Healthcare

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Molina Healthcare in the second quarter worth $1,503,052,000. 8 Knots Management LLC purchased a new stake in Molina Healthcare during the 4th quarter worth about $198,942,000. Manning & Napier Advisors LLC bought a new position in Molina Healthcare in the 2nd quarter worth about $152,339,000. Maverick Capital Ltd. purchased a new position in Molina Healthcare during the 1st quarter valued at about $86,081,000. Finally, Madison Avenue Partners LP purchased a new position in Molina Healthcare during the 4th quarter valued at about $110,003,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.

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