Analysts Set Molina Healthcare, Inc. (MOH) Target Price at $63.88

Molina Healthcare, Inc. (NYSE:MOH) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $66.89.

A number of research analysts have recently commented on MOH shares. Zacks Investment Research cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Jefferies Group upped their price target on shares of Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Goldman Sachs Group started coverage on shares of Molina Healthcare in a report on Wednesday. They issued a “neutral” rating and a $83.00 price target on the stock. Wolfe Research upgraded shares of Molina Healthcare from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Finally, Morgan Stanley upped their price target on shares of Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd.

In related news, Director J Mario Md Molina sold 203,240 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.02, for a total value of $15,043,824.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Dentino sold 22,500 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $63.96, for a total transaction of $1,439,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 729,669 shares of company stock valued at $53,143,060. 6.20% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Molina Healthcare by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,240 shares of the company’s stock worth $432,000 after acquiring an additional 23 shares during the period. Amalgamated Bank lifted its stake in Molina Healthcare by 4.3% in the second quarter. Amalgamated Bank now owns 6,237 shares of the company’s stock worth $431,000 after acquiring an additional 258 shares during the period. Mutual of America Capital Management LLC lifted its stake in Molina Healthcare by 0.9% in the second quarter. Mutual of America Capital Management LLC now owns 35,140 shares of the company’s stock worth $2,431,000 after acquiring an additional 325 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Molina Healthcare by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 16,659 shares of the company’s stock worth $1,152,000 after acquiring an additional 364 shares during the period. Finally, Comerica Bank lifted its stake in Molina Healthcare by 1.2% in the second quarter. Comerica Bank now owns 33,159 shares of the company’s stock worth $2,341,000 after acquiring an additional 386 shares during the period. 96.22% of the stock is owned by institutional investors.

Molina Healthcare (MOH) traded up $2.95 during mid-day trading on Tuesday, reaching $80.59. 888,961 shares of the company’s stock were exchanged, compared to its average volume of 812,200. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.29 and a quick ratio of 1.29. Molina Healthcare has a fifty-two week low of $42.56 and a fifty-two week high of $80.74. The company has a market capitalization of $4,590.00, a PE ratio of -15.29, a price-to-earnings-growth ratio of 1.03 and a beta of 0.97.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($1.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($1.85). The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $4.95 billion. Molina Healthcare had a negative net margin of 1.76% and a positive return on equity of 17.76%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. equities research analysts forecast that Molina Healthcare will post -3.88 earnings per share for the current fiscal year.

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About Molina Healthcare

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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