Mizuho Cuts Molina Healthcare (NYSE:MOH) Price Target to $376.00

Molina Healthcare (NYSE:MOH) had its target price reduced by Mizuho from $382.00 to $376.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

MOH has been the subject of several other reports. StockNews.com cut Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. Stephens reiterated an “equal weight” rating and set a $345.00 price target on shares of Molina Healthcare in a research report on Thursday, February 6th. Barclays reduced their price target on Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Finally, Truist Financial reduced their price target on Molina Healthcare from $370.00 to $340.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Molina Healthcare currently has a consensus rating of “Moderate Buy” and an average price target of $355.69.

Molina Healthcare Trading Up 1.8 %

Molina Healthcare stock opened at $312.05 on Monday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.06 and a beta of 0.54. The stock has a 50-day moving average price of $293.65 and a 200 day moving average price of $311.96.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. Sell-side analysts anticipate that Molina Healthcare will post 24.4 EPS for the current year.

Insider Buying and Selling

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total transaction of $301,330.00. Following the completion of the sale, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Molina Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Colonial Trust Co SC boosted its stake in Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the last quarter. True Wealth Design LLC lifted its stake in Molina Healthcare by 2,500.0% during the 3rd 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 increased its holdings 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 during the period. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the 4th quarter worth about $52,000. Finally, Hurley Capital LLC purchased a new stake in Molina Healthcare during the 4th quarter worth about $55,000. Institutional investors and hedge funds 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.