Analysts Set Molina Healthcare, Inc (NYSE:MOH) Price Target at $198.93

Shares of Molina Healthcare, Inc (NYSE:MOH) have been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $198.9286.

MOH has been the topic of several recent research reports. Sanford C. Bernstein reduced their target price on shares of Molina Healthcare from $284.00 to $220.00 and set an “outperform” rating on the stock in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft set a $165.00 price target on shares of Molina Healthcare in a research report on Friday, October 24th. The Goldman Sachs Group decreased their price objective on Molina Healthcare from $207.00 to $167.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Wells Fargo & Company lowered their target price on Molina Healthcare from $231.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Finally, Wall Street Zen lowered Molina Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th.

Institutional Investors Weigh In On Molina Healthcare

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in shares of Molina Healthcare in the first quarter worth about $29,000. Elequin Capital LP lifted its holdings in Molina Healthcare by 170.6% in the 1st quarter. Elequin Capital LP now owns 92 shares of the company’s stock worth $30,000 after buying an additional 58 shares during the period. First Horizon Advisors Inc. grew its position in shares of Molina Healthcare by 2,140.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 112 shares of the company’s stock worth $33,000 after buying an additional 107 shares during the last quarter. Bogart Wealth LLC purchased a new position in shares of Molina Healthcare during the third quarter valued at approximately $39,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Molina Healthcare during the second quarter valued at approximately $45,000. Institutional investors own 98.50% of the company’s stock.

Molina Healthcare Stock Performance

Molina Healthcare stock opened at $141.22 on Friday. Molina Healthcare has a 1-year low of $133.73 and a 1-year high of $359.97. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $7.65 billion, a PE ratio of 8.74 and a beta of 0.55. The firm’s 50 day simple moving average is $174.73 and its 200 day simple moving average is $216.01.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($2.13). Molina Healthcare had a return on equity of 22.95% and a net margin of 1.98%.The firm had revenue of $11.48 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the company posted $6.01 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Molina Healthcare has set its FY 2025 guidance at 14.000-14.000 EPS. As a group, analysts expect that Molina Healthcare will post 24.4 earnings per share for the current fiscal year.

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.