Molina Healthcare, Inc (NYSE:MOH) Given Average Rating of "Hold" by Brokerages

Key Points

• Molina Healthcare has a consensus “Hold” rating from 17 brokerages: 12 analysts recommend holding, three recommend buying, and two recommend selling. The average 12-month price target is $202.44.
• Several analysts recently adjusted their targets, with RBC and Wells Fargo lowering theirs, while TD Cowen raised its target to $230; most maintained neutral or hold-equivalent ratings.
• For the latest quarter, Molina reported adjusted EPS of $1.51, beating estimates of $1.39, and revenue of $10.87 billion. However, revenue declined 4.8% year over year, and institutional investors own 98.5% of the company’s shares.

Shares of Molina Healthcare, Inc (NYSE:MOH - Get Free Report) have earned a consensus rating of "Hold" from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $202.4375.

MOH has been the subject of several analyst reports. Royal Bank Of Canada lowered their target price on shares of Molina Healthcare from $248.00 to $218.00 and set a "sector perform" rating for the company in a report on Friday, July 24th. Cantor Fitzgerald reissued a "neutral" rating on shares of Molina Healthcare in a research report on Friday, September 4th. Wells Fargo & Company reduced their price objective on shares of Molina Healthcare from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Molina Healthcare from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Finally, TD Cowen boosted their target price on Molina Healthcare from $163.00 to $230.00 and gave the company a "hold" rating in a research report on Tuesday, July 14th.

Institutional Trading of Molina Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in shares of Molina Healthcare by 23,008.3% during the second quarter. California State Teachers Retirement System now owns 13,816,682 shares of the company's stock valued at $3,159,875,000 after buying an additional 13,756,891 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $1,503,052,000. AQR Capital Management LLC grew its position in shares of Molina Healthcare by 217.0% in the 3rd quarter. AQR Capital Management LLC now owns 2,934,130 shares of the company's stock worth $561,475,000 after buying an additional 2,008,458 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Molina Healthcare by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,171,433 shares of the company's stock worth $376,831,000 after acquiring an additional 201,772 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Molina Healthcare by 24.2% during the 4th quarter. Invesco Ltd. now owns 1,690,981 shares of the company's stock worth $293,453,000 after acquiring an additional 329,679 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Trading Up 1.9%

MOH stock opened at $204.14 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. Molina Healthcare has a 1-year low of $121.06 and a 1-year high of $244.89. The business has a 50 day simple moving average of $207.76 and a two-hundred day simple moving average of $184.21. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of -1,134.06, a PEG ratio of 28.70 and a beta of 0.75.

Molina Healthcare (NYSE:MOH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.51 EPS for the quarter, topping the consensus estimate 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 business had revenue of $10.87 billion for the quarter, compared to analysts' expectations of $10.83 billion. During the same quarter in the previous year, the company earned $5.48 EPS. The business's quarterly revenue was down 4.8% compared to the same quarter last year. Research analysts anticipate that Molina Healthcare will post 5.29 EPS for the current fiscal year.

About Molina Healthcare

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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