Molina Healthcare, Inc. (NYSE:MOH) Receives $404.90 Consensus Target Price from Analysts

Shares of Molina Healthcare, Inc. (NYSE:MOH - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $404.90.

A number of brokerages have commented on MOH. Cantor Fitzgerald reissued an "overweight" rating and issued a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, April 4th. TD Cowen dropped their price target on Molina Healthcare from $453.00 to $412.00 and set a "buy" rating for the company in a research report on Tuesday, April 30th. Barclays dropped their price objective on shares of Molina Healthcare from $437.00 to $430.00 and set an "equal weight" rating for the company in a research note on Thursday, April 25th. Bank of America downgraded shares of Molina Healthcare from a "neutral" rating to an "underperform" rating and set a $439.00 target price on the stock. in a research note on Thursday, March 28th. Finally, Wells Fargo & Company dropped their price target on shares of Molina Healthcare from $410.00 to $375.00 and set an "equal weight" rating for the company in a research note on Monday, April 29th.

Molina Healthcare Price Performance

NYSE MOH traded down $4.13 on Wednesday, reaching $345.84. The company had a trading volume of 372,069 shares, compared to its average volume of 398,274. The firm's 50 day moving average price is $377.89 and its 200 day moving average price is $372.37. Molina Healthcare has a 12 month low of $266.35 and a 12 month high of $423.92. The stock has a market capitalization of $20.27 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH - Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $5.73 EPS for the quarter, topping analysts' consensus estimates of $5.46 by $0.27. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.45 billion. Molina Healthcare had a return on equity of 29.86% and a net margin of 2.99%. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.81 earnings per share. As a group, equities analysts predict that Molina Healthcare will post 23.59 earnings per share for the current year.

Insiders Place Their Bets

In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $401.05, for a total transaction of $401,050.00. Following the transaction, the director now directly owns 11,207 shares in the company, valued at approximately $4,494,567.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.11% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MOH. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Molina Healthcare during the 3rd quarter worth $30,000. McIlrath & Eck LLC purchased a new stake in shares of Molina Healthcare during the fourth quarter valued at about $34,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Molina Healthcare by 105.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 111 shares of the company's stock valued at $36,000 after buying an additional 57 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Molina Healthcare by 40.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 125 shares of the company's stock worth $41,000 after acquiring an additional 36 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Molina Healthcare during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 98.50% of the company's stock.

Molina Healthcare Company Profile

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.