Molina Healthcare (MOH) Rating Lowered to Hold at Jefferies Financial Group

Jefferies Financial Group cut shares of Molina Healthcare (NYSE:MOH) from a buy rating to a hold rating in a report published on Friday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $152.00 price objective on the stock. The analysts noted that the move was a valuation call.

Several other brokerages also recently issued reports on MOH. Piper Jaffray Companies raised their price target on Molina Healthcare to $165.00 and gave the company an overweight rating in a report on Wednesday, September 26th. Barclays raised their price target on Molina Healthcare from $105.00 to $125.00 and gave the company an equal weight rating in a report on Thursday, August 2nd. SunTrust Banks lifted their target price on Molina Healthcare to $120.00 and gave the stock a buy rating in a report on Tuesday, July 10th. Bank of America lifted their target price on Molina Healthcare from $91.00 to $94.00 and gave the stock an underperform rating in a report on Tuesday, July 24th. Finally, Morgan Stanley lifted their target price on Molina Healthcare from $132.00 to $178.00 and gave the stock an overweight rating in a report on Wednesday, September 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $129.31.

Molina Healthcare stock traded up $0.75 during mid-day trading on Friday, hitting $139.54. 825,254 shares of the company’s stock traded hands, compared to its average volume of 1,129,173. Molina Healthcare has a fifty-two week low of $58.66 and a fifty-two week high of $154.06. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 249.18, a P/E/G ratio of 1.45 and a beta of 1.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.38 and a quick ratio of 1.38.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $1.99. Molina Healthcare had a positive return on equity of 23.01% and a negative net margin of 0.26%. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter last year, the firm posted ($4.01) EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Molina Healthcare will post 6.68 earnings per share for the current fiscal year.

In related news, insider Norman Nichols sold 4,501 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $127.00, for a total value of $571,627.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Woys purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was bought at an average cost of $148.79 per share, with a total value of $3,719,750.00. Following the purchase, the insider now owns 17,203 shares of the company’s stock, valued at $2,559,634.37. The disclosure for this purchase can be found here. Insiders have sold 9,717 shares of company stock valued at $1,289,932 in the last three months. Insiders own 0.65% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Integrated Investment Consultants LLC acquired a new position in Molina Healthcare in the second quarter valued at about $165,000. Contravisory Investment Management Inc. acquired a new position in Molina Healthcare in the second quarter valued at about $166,000. Zeke Capital Advisors LLC acquired a new position in Molina Healthcare in the second quarter valued at about $206,000. CIBC Asset Management Inc acquired a new position in Molina Healthcare in the second quarter valued at about $211,000. Finally, Wealth Architects LLC acquired a new position in Molina Healthcare in the second quarter valued at about $220,000.

Molina Healthcare Company Profile

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.

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