Molina Healthcare (NYSE:MOH) Price Target Cut to $430.00

Molina Healthcare (NYSE:MOH) had its target price cut by analysts at Barclays from $437.00 to $430.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 25.65% from the company’s current price.

MOH has been the subject of several other reports. Stephens reissued an “equal weight” rating and set a $390.00 price objective on shares of Molina Healthcare in a research note on Thursday. Truist Financial boosted their price objective on shares of Molina Healthcare from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. StockNews.com cut shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 8th. Wells Fargo & Company decreased their price target on shares of Molina Healthcare from $440.00 to $410.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Molina Healthcare has an average rating of “Hold” and an average price target of $396.09.

Molina Healthcare Trading Down 2.9 %

Shares of MOH opened at $342.23 on Thursday. The stock has a fifty day moving average of $391.53 and a two-hundred day moving average of $371.87. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.54 and a current ratio of 1.49. The company has a market capitalization of $20.05 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.99 and a beta of 0.47. Molina Healthcare has a fifty-two week low of $266.35 and a fifty-two week high of $423.92.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $5.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.46 by $0.27. Molina Healthcare had a net margin of 2.99% and a return on equity of 29.86%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.45 billion. During the same period in the previous year, the company earned $5.81 EPS. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts forecast that Molina Healthcare will post 23.62 EPS for the current year.

Insider Buying and Selling at Molina Healthcare

In other news, Director Richard M. Schapiro sold 711 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $384.06, for a total value of $273,066.66. Following the sale, the director now owns 12,207 shares in the company, valued at approximately $4,688,220.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Molina Healthcare news, Director Richard M. Schapiro sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $401.05, for a total value of $401,050.00. Following the transaction, the director now owns 11,207 shares of the company’s stock, valued at $4,494,567.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard M. Schapiro sold 711 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $384.06, for a total transaction of $273,066.66. Following the completion of the transaction, the director now directly owns 12,207 shares in the company, valued at approximately $4,688,220.42. The disclosure for this sale can be found here. Insiders sold a total of 16,711 shares of company stock valued at $6,472,517 in the last ninety days. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

A number of large investors have recently bought and sold shares of MOH. CWM LLC lifted its holdings in Molina Healthcare by 8.7% in the third quarter. CWM LLC now owns 1,395 shares of the company’s stock worth $457,000 after acquiring an additional 112 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Molina Healthcare by 33.5% during the third quarter. AE Wealth Management LLC now owns 1,159 shares of the company’s stock valued at $380,000 after buying an additional 291 shares during the last quarter. Czech National Bank raised its holdings in shares of Molina Healthcare by 47.6% during the third quarter. Czech National Bank now owns 10,189 shares of the company’s stock valued at $3,341,000 after buying an additional 3,288 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Molina Healthcare by 1.4% during the third quarter. Ballentine Partners LLC now owns 2,940 shares of the company’s stock valued at $964,000 after buying an additional 41 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Molina Healthcare by 1.1% during the third quarter. Commonwealth Equity Services LLC now owns 17,879 shares of the company’s stock valued at $5,862,000 after buying an additional 192 shares during the last quarter. Institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.