Molina Healthcare, Inc (NYSE:MOH – Get Free Report) has been assigned an average rating of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $213.88.
MOH has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating on shares of Molina Healthcare in a report on Friday, October 9th. Zacks Research downgraded shares of Molina Healthcare from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Molina Healthcare in a report on Tuesday, October 27th. Mizuho set a $255.00 target price on shares of Molina Healthcare in a research report on Friday, October 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Molina Healthcare from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, October 27th.
View Our Latest Research Report on MOH
Institutional Investors Weigh In On Molina Healthcare
A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Molina Healthcare in the 2nd quarter valued at about $1,503,052,000. Manning & Napier Advisors LLC purchased a new position in Molina Healthcare during the 2nd quarter valued at about $152,339,000. Maverick Capital Ltd. purchased a new position in Molina Healthcare during the 1st quarter valued at about $86,081,000. Bank of New York Mellon Corp purchased a new position in Molina Healthcare during the 2nd quarter valued at about $86,138,000. Finally, Bank of America Corp DE acquired a new position in Molina Healthcare during the second quarter worth about $71,480,000. Institutional investors and hedge funds own 98.50% of the company’s stock.
Molina Healthcare Stock Performance
Shares of MOH opened at $208.92 on Friday. The stock has a market capitalization of $10.91 billion, a P/E ratio of -217.62, a P/E/G ratio of 12.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.69 and a current ratio of 1.69. Molina Healthcare has a 1 year low of $121.06 and a 1 year high of $244.89. The company’s fifty day moving average is $201.96 and its two-hundred day moving average is $185.41.
Molina Healthcare (NYSE:MOH – Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.86 billion. Molina Healthcare had a negative net margin of 0.11% and a positive return on equity of 2.50%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 earnings per share. On average, sell-side analysts predict that Molina Healthcare will post 5.30 earnings per share for the current year.
About Molina Healthcare
Molina Healthcare, Inc is a managed care company that provides health insurance plans primarily to people covered by government-sponsored programs. Its offerings include Medicaid plans, Medicare plans for eligible individuals and dual-eligible members, and health plans sold through government marketplaces under the Affordable Care Act.
The company was founded in 1980 by physician C. David Molina in Long Beach, California, initially serving low-income families through community clinics.
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