Robert W. Baird Reaffirms Neutral Rating for Molina Healthcare (NYSE:MOH)

Molina Healthcare (NYSE:MOH)‘s stock had its “neutral” rating reiterated by stock analysts at Robert W. Baird in a report released on Tuesday, Marketbeat reports. They currently have a $375.00 price objective on the stock, up from their prior price objective of $331.00. Robert W. Baird’s target price would indicate a potential upside of 12.78% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Truist Financial raised their target price on Molina Healthcare from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Mizuho lifted their price objective on shares of Molina Healthcare from $376.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, April 9th. Stephens reissued an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th. StockNews.com upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. Finally, UBS Group decreased their target price on Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $359.42.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $332.51 on Tuesday. The stock has a market capitalization of $18.19 billion, a PE ratio of 16.28, a PEG ratio of 1.06 and a beta of 0.70. The business’s 50 day simple moving average is $313.00 and its 200 day simple moving average is $308.38. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.62. Molina Healthcare has a one year low of $262.32 and a one year high of $370.99.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share for the quarter, missing the consensus estimate of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts forecast that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now directly owns 17,375 shares in the company, valued at approximately $5,235,608.75. The trade was a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Molina Healthcare

Several hedge funds have recently modified their holdings of the company. Rothschild Investment LLC lifted its holdings in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock worth $28,000 after acquiring an additional 48 shares during the period. Colonial Trust Co SC boosted its holdings in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the last quarter. Versant Capital Management Inc grew its position in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after buying an additional 74 shares during the period. Wingate Wealth Advisors Inc. purchased a new stake in Molina Healthcare during the fourth quarter worth about $52,000. Finally, Hurley Capital LLC bought a new stake in Molina Healthcare in the fourth quarter worth about $55,000. 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.