Molina Healthcare, Inc. (NYSE:MOH) Given Average Recommendation of “Hold” by Brokerages

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given an average recommendation of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $359.18.

MOH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $350.00 target price (down previously from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays boosted their target price on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, October 24th. Finally, Truist Financial cut their price objective on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating for the company in a report on Monday, January 6th.

Institutional Trading of Molina Healthcare

Several institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC increased its position in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares in the last quarter. Versant Capital Management Inc grew its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Molina Healthcare during the 3rd quarter valued at $62,000. UMB Bank n.a. boosted its position in shares of Molina Healthcare by 96.2% in the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock worth $71,000 after buying an additional 101 shares during the period. Finally, AM Squared Ltd boosted its position in shares of Molina Healthcare by 50.0% in the third quarter. AM Squared Ltd now owns 300 shares of the company’s stock worth $103,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Trading Down 0.8 %

Shares of MOH stock opened at $304.03 on Monday. The firm has a market capitalization of $17.39 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 0.94 and a beta of 0.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.55 and a current ratio of 1.54. Molina Healthcare has a 1 year low of $272.69 and a 1 year high of $423.92. The stock has a fifty day moving average of $295.63 and a two-hundred day moving average of $317.41.

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.