Molina Healthcare, Inc. (NYSE:MOH) Given Average Rating of “Buy” by Brokerages

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Shares of Molina Healthcare, Inc. (NYSE:MOH) have earned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $160.83.

MOH has been the topic of several research reports. BMO Capital Markets raised shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $154.00 to $200.00 in a research report on Monday, June 3rd. Wells Fargo & Co raised shares of Molina Healthcare from a “market perform” rating to an “outperform” rating and set a $177.00 price objective on the stock in a research report on Friday, May 31st. ValuEngine cut shares of Molina Healthcare from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 12th. Deutsche Bank initiated coverage on shares of Molina Healthcare in a research report on Thursday, September 12th. They issued a “buy” rating and a $145.00 price objective on the stock. Finally, Stephens set a $150.00 price objective on shares of Molina Healthcare and gave the company a “hold” rating in a research report on Wednesday, August 7th.

MOH traded up $1.58 during trading on Thursday, hitting $116.06. The company had a trading volume of 8,284 shares, compared to its average volume of 526,125. The company has a market capitalization of $7.26 billion, a PE ratio of 10.49, a PEG ratio of 1.05 and a beta of 1.20. Molina Healthcare has a one year low of $105.28 and a one year high of $159.00. The firm’s 50-day moving average price is $127.90 and its 200 day moving average price is $135.53. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.85.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $3.11 EPS for the quarter, beating the consensus estimate of $2.56 by $0.55. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Molina Healthcare had a net margin of 4.48% and a return on equity of 51.49%. The firm’s revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.08 EPS. Sell-side analysts forecast that Molina Healthcare will post 11.51 earnings per share for the current year.

In other Molina Healthcare news, Director Ronna Romney sold 375 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $131.63, for a total transaction of $49,361.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

A number of large investors have recently modified their holdings of MOH. Advisors Preferred LLC bought a new stake in Molina Healthcare during the 2nd quarter worth about $37,000. Cornerstone Advisors Inc. lifted its position in Molina Healthcare by 3,577.8% during the 1st quarter. Cornerstone Advisors Inc. now owns 331 shares of the company’s stock worth $47,000 after buying an additional 322 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in Molina Healthcare during the 2nd quarter worth about $57,000. Financial Gravity Wealth Inc. lifted its position in Molina Healthcare by 35.0% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 501 shares of the company’s stock worth $72,000 after buying an additional 130 shares in the last quarter. Finally, Bremer Bank National Association bought a new stake in Molina Healthcare during the 1st quarter worth about $87,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.

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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