Molina Healthcare (NYSE:MOH) Earns Equal Weight Rating from Stephens

Molina Healthcare (NYSE:MOH)‘s stock had its “equal weight” rating reaffirmed by Stephens in a research report issued on Thursday,Benzinga reports. They presently have a $345.00 target price on the stock. Stephens’ target price would suggest a potential upside of 19.23% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Barclays raised their price target 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 restated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. Truist Financial reduced their price target on Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Robert W. Baird cut their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com upgraded Molina Healthcare from a “buy” rating to a “strong-buy” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $361.45.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $289.37 on Thursday. The company has a 50-day moving average price of $298.78 and a 200 day moving average price of $318.38. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The stock has a market cap of $16.55 billion, a P/E ratio of 14.84, a PEG ratio of 0.96 and a beta of 0.54. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. Sell-side analysts anticipate that Molina Healthcare will post 23.44 earnings per share for the current year.

Institutional Trading of Molina Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the company. SRS Capital Advisors Inc. raised its stake in Molina Healthcare by 300.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 593 shares of the company’s stock valued at $173,000 after purchasing an additional 445 shares during the period. Smartleaf Asset Management LLC increased its position in Molina Healthcare by 123.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 347 shares of the company’s stock worth $100,000 after acquiring an additional 192 shares during the period. US Bancorp DE increased its stake in Molina Healthcare by 22.3% during the fourth quarter. US Bancorp DE now owns 1,993 shares of the company’s stock valued at $580,000 after acquiring an additional 364 shares during the period. Versor Investments LP bought a new stake in Molina Healthcare in the 4th quarter valued at $667,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Molina Healthcare in the 4th quarter valued at approximately $26,091,000. 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.