Molina Healthcare, Inc. (NYSE:MOH) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $84.17.
A number of brokerages recently issued reports on MOH. Zacks Investment Research upgraded Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a report on Saturday. Wells Fargo & Co boosted their price target on Molina Healthcare from $90.00 to $92.00 and gave the company a “market perform” rating in a report on Thursday. Jefferies Financial Group upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Thursday. JPMorgan Chase & Co. downgraded Molina Healthcare from an “overweight” rating to a “neutral” rating in a report on Wednesday. They noted that the move was a valuation call. Finally, BMO Capital Markets lifted their price objective on Molina Healthcare to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, June 19th.
Molina Healthcare traded down $0.58, reaching $97.94, during mid-day trading on Tuesday, Marketbeat reports. 471,247 shares of the company’s stock traded hands, compared to its average volume of 1,273,256. Molina Healthcare has a 12-month low of $56.67 and a 12-month high of $103.27. The company has a market cap of $6.04 billion, a PE ratio of 174.89, a P/E/G ratio of 1.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.36 and a quick ratio of 1.36.
Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Monday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.90. Molina Healthcare had a positive return on equity of 20.08% and a negative net margin of 2.46%. The company had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the previous year, the business earned $0.63 EPS. Molina Healthcare’s revenue was down 5.3% compared to the same quarter last year. analysts expect that Molina Healthcare will post 4.62 EPS for the current fiscal year.
In related news, Director Steven J. Orlando sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $82.10, for a total value of $123,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Garrey Carruthers sold 2,050 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $86.24, for a total transaction of $176,792.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,150 shares of company stock worth $350,174. Insiders own 0.65% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new position in Molina Healthcare in the 4th quarter worth approximately $5,639,000. Victory Capital Management Inc. raised its holdings in Molina Healthcare by 17.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,862,307 shares of the company’s stock worth $151,182,000 after acquiring an additional 271,898 shares during the last quarter. Ascend Capital LLC raised its holdings in Molina Healthcare by 129.2% in the 4th quarter. Ascend Capital LLC now owns 116,022 shares of the company’s stock worth $8,897,000 after acquiring an additional 65,392 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Molina Healthcare in the 4th quarter worth approximately $2,120,000. Finally, Northern Trust Corp raised its holdings in Molina Healthcare by 3.0% in the 1st quarter. Northern Trust Corp now owns 910,390 shares of the company’s stock worth $73,906,000 after acquiring an additional 26,860 shares during the last quarter.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.