Molina Healthcare (MOH) Now Covered by Stephens

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Research analysts at Stephens began coverage on shares of Molina Healthcare (NYSE:MOH) in a report issued on Monday, The Fly reports. The brokerage set an “equal weight” rating on the stock.

Other equities research analysts have also issued research reports about the stock. Piper Jaffray Companies boosted their price target on shares of Molina Healthcare to $165.00 and gave the company an “overweight” rating in a report on Wednesday, September 26th. Morgan Stanley boosted their price objective on shares of Molina Healthcare from $178.00 to $184.00 and gave the company an “overweight” rating in a research report on Thursday, October 18th. Zacks Investment Research downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Evercore ISI initiated coverage on shares of Molina Healthcare in a research report on Tuesday, October 9th. They set an “in-line” rating and a $158.00 price objective on the stock. Finally, Jefferies Financial Group downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Friday, October 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Molina Healthcare currently has an average rating of “Buy” and an average price target of $140.92.

Molina Healthcare stock opened at $133.38 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 238.18, a PEG ratio of 1.26 and a beta of 1.62. Molina Healthcare has a 52-week low of $71.07 and a 52-week high of $154.06.

Molina Healthcare (NYSE:MOH) last posted its earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.90. The firm had revenue of $4.70 billion during the quarter, compared to analyst estimates of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. Molina Healthcare’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted ($1.62) EPS. Equities analysts forecast that Molina Healthcare will post 8.12 EPS for the current fiscal year.

In other Molina Healthcare news, Director Ronna Romney sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $141.23, for a total value of $28,246.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles Z. Fedak sold 3,795 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $120.74, for a total transaction of $458,208.30. Following the completion of the sale, the director now directly owns 18,464 shares of the company’s stock, valued at $2,229,343.36. The disclosure for this sale can be found here. Insiders sold 9,195 shares of company stock valued at $1,187,506 over the last three months. Insiders own 0.65% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MOH. Swiss National Bank boosted its holdings in shares of Molina Healthcare by 3.5% during the 3rd quarter. Swiss National Bank now owns 102,200 shares of the company’s stock worth $15,197,000 after buying an additional 3,500 shares during the period. World Asset Management Inc boosted its holdings in shares of Molina Healthcare by 13.9% during the 3rd quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock worth $453,000 after buying an additional 372 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Molina Healthcare by 43,291.3% during the 2nd quarter. Glenmede Trust Co. NA now owns 49,900 shares of the company’s stock worth $4,887,000 after buying an additional 49,785 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Molina Healthcare by 8.1% during the 3rd quarter. Retirement Systems of Alabama now owns 184,957 shares of the company’s stock worth $27,503,000 after buying an additional 13,853 shares during the period. Finally, Scout Investments Inc. boosted its holdings in shares of Molina Healthcare by 46.6% during the 3rd quarter. Scout Investments Inc. now owns 386,112 shares of the company’s stock worth $57,415,000 after buying an additional 122,732 shares during the period.

Molina Healthcare Company Profile

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.

Further Reading: Net Asset Value

The Fly

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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