Molina Healthcare, Inc. (NYSE:MOH) has earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $147.50.
Several research firms have recently commented on MOH. Bank of America reiterated an “underperform” rating and issued a $132.00 price objective (up previously from $129.00) on shares of Molina Healthcare in a report on Tuesday, April 30th. Barclays decreased their price objective on Molina Healthcare from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Cowen began coverage on Molina Healthcare in a report on Thursday, February 28th. They issued a “market perform” rating on the stock. Finally, Morgan Stanley lifted their price objective on Molina Healthcare from $180.00 to $192.00 and gave the stock an “overweight” rating in a report on Wednesday, February 13th.
Shares of MOH traded up $4.15 during trading hours on Friday, hitting $131.60. The company had a trading volume of 15,953 shares, compared to its average volume of 871,133. The company has a market cap of $8.38 billion, a P/E ratio of 11.67, a P/E/G ratio of 0.98 and a beta of 1.59. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.74. Molina Healthcare has a 52-week low of $83.31 and a 52-week high of $154.06.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Monday, April 29th. The company reported $3.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.63. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.07 billion. Molina Healthcare had a return on equity of 49.21% and a net margin of 4.35%. The company’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Equities research analysts forecast that Molina Healthcare will post 10.93 earnings per share for the current fiscal year.
In related news, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $126.30, for a total value of $126,300.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronna Romney sold 200 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $136.66, for a total value of $27,332.00. The disclosure for this sale can be found here. 0.77% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its stake in Molina Healthcare by 8.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 888,660 shares of the company’s stock valued at $132,144,000 after buying an additional 67,069 shares during the last quarter. Vanguard Group Inc grew its position in shares of Molina Healthcare by 14.0% during the 3rd quarter. Vanguard Group Inc now owns 5,773,626 shares of the company’s stock valued at $858,538,000 after acquiring an additional 709,776 shares during the period. Federated Investors Inc. PA grew its position in shares of Molina Healthcare by 10.9% during the 3rd quarter. Federated Investors Inc. PA now owns 152,015 shares of the company’s stock valued at $22,604,000 after acquiring an additional 14,951 shares during the period. First Hawaiian Bank grew its position in shares of Molina Healthcare by 5.2% during the 4th quarter. First Hawaiian Bank now owns 3,032 shares of the company’s stock valued at $352,000 after acquiring an additional 150 shares during the period. Finally, Gateway Investment Advisers LLC bought a new stake in shares of Molina Healthcare during the 4th quarter valued at $1,805,000.
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.
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