Molina Healthcare, Inc (NYSE:MOH) Stock Has Average Price Target of $213.88 According to Analysts

Key Points

• Analysts hold a neutral view of Molina Healthcare: Eighteen firms give the stock a consensus “Hold” rating, with 13 holds, three buys and two sells. The average 12-month price target is $213.88, modestly above the reported $204.88 share price.
• Institutional ownership is substantial: Institutional investors own 98.5% of Molina Healthcare, while major firms including BlackRock, Wellington Management and Dimensional Fund Advisors have recently built or increased positions.
• Quarterly results exceeded expectations but weakened year over year: Molina reported $0.89 in EPS versus the $0.79 consensus estimate and $11.08 billion in revenue, though revenue declined 3.4% year over year and EPS fell from $1.84 in the comparable quarter.

Shares of Molina Healthcare, Inc (NYSE:MOH - Get Free Report) have been given a consensus recommendation of "Hold" by the eighteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $213.88.

Several equities research analysts have recently weighed in on MOH shares. UBS Group increased their target price on shares of Molina Healthcare from $202.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, October 23rd. Royal Bank Of Canada lifted their price target on shares of Molina Healthcare from $218.00 to $222.00 and gave the stock a "sector perform" rating in a research note on Friday, October 23rd. Zacks Research downgraded shares of Molina Healthcare from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Barclays cut their price target on shares of Molina Healthcare from $180.00 to $178.00 and set an "underweight" rating on the stock in a report on Friday, October 23rd. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Molina Healthcare in a research report on Friday, October 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Molina Healthcare in the second quarter valued at approximately $1,503,052,000. Wellington Management Group LLP boosted its stake in Molina Healthcare by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 1,267,207 shares of the company's stock worth $289,810,000 after purchasing an additional 135,247 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Molina Healthcare by 23.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,394,882 shares of the company's stock worth $185,929,000 after purchasing an additional 267,121 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Molina Healthcare in the 2nd quarter worth approximately $152,339,000. Finally, Bank of New York Mellon Corp purchased a new stake in Molina Healthcare during the 2nd quarter worth approximately $86,138,000. Institutional investors own 98.50% of the company's stock.

Molina Healthcare Stock Performance

NYSE MOH opened at $204.88 on Friday. The stock has a market capitalization of $10.69 billion, a PE ratio of -213.41, a P/E/G ratio of 12.08 and a beta of 0.78. The business has a 50 day simple moving average of $200.62 and a two-hundred day simple moving average of $184.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.69 and a quick ratio of 1.69. Molina Healthcare has a 1-year low of $121.06 and a 1-year high of $244.89.

Molina Healthcare (NYSE:MOH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.10. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business's revenue was down 3.4% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. On average, research analysts predict that Molina Healthcare will post 5.30 EPS for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc is a managed-care company that provides health insurance and related services primarily through government-sponsored programs. Its offerings include Medicaid, Medicare, Medicare-Medicaid dual-eligible plans and health plans sold through government marketplaces under the Affordable Care Act.

The company's services generally include medical care coordination, behavioral health support, pharmacy benefits and, depending on the plan and state, dental and vision benefits.

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