Molina Healthcare, Inc (NYSE:MOH) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Molina Healthcare received a consensus “Hold” rating from 17 analysts, with 11 holds, two sells, three buys, and one strong buy. The average 12-month price target is $202.44.
• Analysts recently showed mixed sentiment, including RBC cutting its price target from $248 to $218 and Wall Street Zen downgrading the stock to “Sell,” while Jefferies maintained a $230 target.
• Molina exceeded quarterly earnings expectations, reporting $1.51 in EPS versus $1.39 forecast and $10.87 billion in revenue, though revenue declined 4.8% year over year. Institutional investors own approximately 98.5% of the company.

Molina Healthcare, Inc (NYSE:MOH - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $202.44.

Several equities research analysts recently weighed in on MOH shares. Royal Bank Of Canada reduced 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 research note on Friday, July 24th. Weiss Ratings raised Molina Healthcare from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, September 11th. Jefferies Financial Group set a $230.00 price target on shares of Molina Healthcare in a research note on Tuesday, July 14th. Wall Street Zen lowered shares of Molina Healthcare from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Molina Healthcare in a research note on Friday, September 4th.

Molina Healthcare Stock Up 0.5%

MOH opened at $194.97 on Wednesday. The business has a 50 day moving average of $198.10 and a 200-day moving average of $190.13. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of -1,083.10, a P/E/G ratio of 27.81 and a beta of 0.78. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.95. 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 announced its earnings results 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. The business had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. Molina Healthcare had a negative net margin of 0.02% and a positive return on equity of 3.73%. Molina Healthcare's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 earnings per share. As a group, sell-side analysts anticipate that Molina Healthcare will post 5.29 earnings per share for the current year.

Institutional Trading of Molina Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Physician Wealth Advisors Inc. lifted its stake in Molina Healthcare by 1,250.0% during the first quarter. Physician Wealth Advisors Inc. now owns 216 shares of the company's stock worth $29,000 after purchasing an additional 200 shares during the period. SJS Investment Consulting Inc. grew its stake in shares of Molina Healthcare by 504.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 248 shares of the company's stock valued at $33,000 after purchasing an additional 207 shares during the period. Elevation Wealth Partners LLC raised its holdings in shares of 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 buying an additional 78 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Molina Healthcare in the 2nd quarter worth approximately $39,000. Finally, Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 91 shares during the period. 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.