Molina Healthcare (NYSE:MOH) Price Target Lowered to $370.00 at Truist Financial

Molina Healthcare (NYSE:MOH) had its price objective cut by Truist Financial from $400.00 to $370.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Barclays upped their price target on Molina Healthcare from $359.00 to $372.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $350.00 price objective (down previously from $378.00) on shares of Molina Healthcare in a research note on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Molina Healthcare currently has an average rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Trading Up 1.0 %

Shares of MOH opened at $297.51 on Monday. Molina Healthcare has a 1-year low of $272.69 and a 1-year high of $423.92. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $303.42 and its 200-day moving average price is $317.70. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.04 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 23rd. The company reported $6.01 earnings per share for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. The firm had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. Molina Healthcare had a return on equity of 27.88% and a net margin of 2.92%. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.05 EPS. Sell-side analysts anticipate that Molina Healthcare will post 23.44 EPS for the current year.

Institutional Trading of Molina Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC boosted its stake in shares of Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Molina Healthcare in the 2nd quarter worth $40,000. Versant Capital Management Inc raised its holdings in Molina Healthcare by 83.1% in the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares during the period. Capital Performance Advisors LLP purchased a new position in Molina Healthcare during the third quarter valued at $62,000. Finally, UMB Bank n.a. grew its holdings in Molina Healthcare by 96.2% during the third quarter. UMB Bank n.a. now owns 206 shares of the company’s stock valued at $71,000 after purchasing an additional 101 shares during the period. 98.50% of the stock is owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile

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.