Deutsche Bank began coverage on shares of Molina Healthcare (NYSE:MOH) in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $145.00 price objective on the stock.
Several other brokerages have also issued reports on MOH. ValuEngine upgraded Molina Healthcare from a strong sell rating to a sell rating in a research report on Thursday, August 8th. Bank of America reiterated an underperform rating and issued a $140.00 price target (up previously from $132.00) on shares of Molina Healthcare in a report on Wednesday, July 31st. Wells Fargo & Co upgraded Molina Healthcare from a market perform rating to an outperform rating and set a $177.00 price target for the company in a report on Friday, May 31st. Barclays boosted their price target on Molina Healthcare from $140.00 to $149.00 and gave the company an equal weight rating in a report on Friday, May 31st. Finally, BMO Capital Markets upgraded Molina Healthcare from a market perform rating to an outperform rating and boosted their price target for the company from $154.00 to $200.00 in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Molina Healthcare currently has a consensus rating of Buy and a consensus target price of $160.83.
Shares of NYSE:MOH opened at $114.96 on Thursday. Molina Healthcare has a 1 year low of $105.28 and a 1 year high of $159.00. The business has a 50 day simple moving average of $130.28 and a two-hundred day simple moving average of $136.20. The firm has a market capitalization of $7.13 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.73 and a quick ratio of 1.73.
Molina Healthcare (NYSE:MOH) last announced its earnings results on Tuesday, July 30th. The company reported $3.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.56 by $0.55. Molina Healthcare had a return on equity of 51.49% and a net margin of 4.48%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $3.08 earnings per share. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities research analysts expect that Molina Healthcare will post 11.51 EPS for the current fiscal year.
In related news, Director Ronna Romney sold 375 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $131.63, for a total value of $49,361.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its stake in Molina Healthcare by 97.9% in the first quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $26,000 after buying an additional 92 shares in the last quarter. Advisors Preferred LLC bought a new position in Molina Healthcare in the second quarter worth approximately $37,000. Cornerstone Advisors Inc. increased its position in shares of Molina Healthcare by 3,577.8% during the first quarter. Cornerstone Advisors Inc. now owns 331 shares of the company’s stock worth $47,000 after purchasing an additional 322 shares in the last quarter. Stonebridge Capital Advisors LLC acquired a new position in shares of Molina Healthcare during the second quarter worth $57,000. Finally, Financial Gravity Wealth Inc. increased its position in shares of Molina Healthcare by 35.0% during the second quarter. Financial Gravity Wealth Inc. now owns 501 shares of the company’s stock worth $72,000 after purchasing an additional 130 shares in the last quarter. 96.76% of the stock is owned by institutional investors.
Molina Healthcare Company Profile
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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