Analysts Set Molina Healthcare, Inc. (NYSE:MOH) Price Target at $348.75

Shares of Molina Healthcare, Inc. (NYSE:MOH) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $348.75.

A number of research analysts have weighed in on the company. Mizuho lowered their target price on Molina Healthcare from $382.00 to $376.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Barclays lowered their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. StockNews.com downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd. Stephens reaffirmed an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a report on Thursday, February 6th. Finally, UBS Group dropped their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research note on Friday, February 7th.

Insider Buying and Selling

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $301.33, for a total value of $301,330.00. Following the sale, the director now owns 17,375 shares in the company, valued at $5,235,608.75. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MOH. Colonial Trust Co SC raised its holdings in shares of Molina Healthcare by 930.0% in the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Versant Capital Management Inc increased its position in Molina Healthcare by 83.1% during the 4th quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock valued at $47,000 after purchasing an additional 74 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter valued at about $52,000. Hurley Capital LLC bought a new stake in shares of Molina Healthcare in the 4th quarter valued at about $55,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Molina Healthcare by 81.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock worth $57,000 after purchasing an additional 88 shares during the period. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Stock Performance

Shares of MOH stock opened at $340.14 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average price of $307.33 and a 200-day moving average price of $308.02. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $383.58. The firm has a market capitalization of $18.61 billion, a PE ratio of 16.65, a P/E/G ratio of 1.06 and a beta of 0.70.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, February 5th. The company reported $5.05 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

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.