Molina Healthcare, Inc. (NYSE:MOH) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have received a consensus recommendation of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $365.38.

A number of analysts recently commented on MOH shares. Guggenheim started coverage on Molina Healthcare in a research report on Wednesday, April 9th. They issued a "neutral" rating for the company. Truist Financial lifted their price target on Molina Healthcare from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Mizuho boosted their price objective on Molina Healthcare from $376.00 to $400.00 and gave the stock an "outperform" rating in a report on Wednesday, April 9th. Wells Fargo & Company raised Molina Healthcare from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $295.00 to $372.00 in a research report on Wednesday, March 5th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $375.00 price objective (up from $331.00) on shares of Molina Healthcare in a research note on Tuesday, April 15th.

Insider Transactions at Molina Healthcare

In other news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now owns 17,375 shares in the company, valued at approximately $5,235,608.75. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Molina Healthcare by 2.8% in the first quarter. Envestnet Asset Management Inc. now owns 15,945 shares of the company's stock valued at $5,252,000 after buying an additional 431 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Molina Healthcare in the 1st quarter valued at about $291,000. IFM Investors Pty Ltd increased its stake in shares of Molina Healthcare by 7.2% during the first quarter. IFM Investors Pty Ltd now owns 14,217 shares of the company's stock worth $4,899,000 after buying an additional 950 shares during the period. OneDigital Investment Advisors LLC acquired a new stake in Molina Healthcare in the first quarter valued at $270,000. Finally, Silver Oak Securities Incorporated acquired a new position in Molina Healthcare in the first quarter valued at approximately $34,000. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Price Performance

NYSE MOH opened at $319.98 on Wednesday. The business's fifty day moving average is $320.64 and its two-hundred day moving average is $307.42. Molina Healthcare has a 1 year low of $262.32 and a 1 year high of $365.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $17.50 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $6.08 EPS for the quarter, topping the consensus estimate of $5.96 by $0.12. The company had revenue of $11.15 billion during the quarter, compared to the consensus estimate of $10.86 billion. Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.73 earnings per share. On average, research analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.

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