Brokerages Set Molina Healthcare, Inc. (NYSE:MOH) Target Price at $154.33

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Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $154.33.

Several research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Molina Healthcare from a “buy” rating to a “hold” rating and dropped their price target for the stock from $133.00 to $120.00 in a research report on Wednesday, October 30th. Bank of America reissued an “underperform” rating and issued a $140.00 price target (up previously from $132.00) on shares of Molina Healthcare in a research report on Wednesday, July 31st. Stephens set a $150.00 price target on shares of Molina Healthcare and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley dropped their price target on shares of Molina Healthcare from $172.00 to $158.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank assumed coverage on shares of Molina Healthcare in a research report on Thursday, September 12th. They issued a “buy” rating and a $145.00 price target for the company.

In other news, Director Ronna Romney sold 375 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $121.97, for a total transaction of $45,738.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Molina Healthcare by 294.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 198,457 shares of the company’s stock worth $21,776,000 after buying an additional 148,085 shares in the last quarter. Boston Advisors LLC increased its holdings in shares of Molina Healthcare by 6.3% during the third quarter. Boston Advisors LLC now owns 19,547 shares of the company’s stock worth $2,145,000 after buying an additional 1,164 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Molina Healthcare by 69.8% during the third quarter. Tower Research Capital LLC TRC now owns 6,331 shares of the company’s stock worth $694,000 after buying an additional 2,603 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Molina Healthcare by 5.4% during the third quarter. Eagle Asset Management Inc. now owns 11,239 shares of the company’s stock valued at $1,233,000 after purchasing an additional 576 shares during the last quarter. Finally, First Mercantile Trust Co. grew its stake in shares of Molina Healthcare by 7.9% during the third quarter. First Mercantile Trust Co. now owns 1,510 shares of the company’s stock valued at $166,000 after purchasing an additional 110 shares during the last quarter. 96.60% of the stock is owned by institutional investors.

NYSE:MOH traded down $4.27 during mid-day trading on Friday, hitting $121.91. The company’s stock had a trading volume of 529,839 shares, compared to its average volume of 726,132. Molina Healthcare has a fifty-two week low of $105.28 and a fifty-two week high of $159.00. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.11 and a beta of 1.12. The stock has a fifty day moving average of $117.19 and a 200-day moving average of $130.22.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $2.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.10. Molina Healthcare had a net margin of 4.47% and a return on equity of 49.14%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $2.97 earnings per share. The company’s quarterly revenue was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Molina Healthcare will post 11.52 earnings per share for the current fiscal year.

About Molina Healthcare

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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Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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