Cantor Fitzgerald Reiterates “Overweight” Rating for Molina Healthcare (NYSE:MOH)

Molina Healthcare (NYSE:MOH)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a research note issued on Tuesday, Benzinga reports. They currently have a $406.00 price target on the stock. Cantor Fitzgerald’s price target suggests a potential upside of 22.36% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Jefferies Financial Group cut their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research note on Wednesday, July 24th. Stephens reiterated an “equal weight” rating and issued a $320.00 price target on shares of Molina Healthcare in a report on Thursday, July 25th. JPMorgan Chase & Co. dropped their price objective on Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Molina Healthcare from $354.00 to $353.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $378.00.

Molina Healthcare Trading Down 3.0 %

Shares of MOH opened at $331.80 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.21 and a beta of 0.57. The stock has a fifty day moving average price of $342.86 and a two-hundred day moving average price of $340.01. Molina Healthcare has a 52-week low of $282.96 and a 52-week high of $423.92.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.73 by $0.13. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.75 billion. Molina Healthcare had a net margin of 2.84% and a return on equity of 28.09%. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.65 EPS. Analysts predict that Molina Healthcare will post 23.5 EPS for the current fiscal year.

Insider Activity at Molina Healthcare

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at $6,114,260.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now directly owns 9,473 shares in the company, valued at approximately $3,282,583.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Orlando sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the sale, the director now owns 18,025 shares in the company, valued at $6,114,260.25. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MOH. Advisory Services Network LLC bought a new stake in Molina Healthcare in the 4th quarter valued at $368,000. Steward Partners Investment Advisory LLC boosted its position in shares of Molina Healthcare by 8,327.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,517 shares of the company’s stock worth $548,000 after buying an additional 1,499 shares during the period. Focus Financial Network Inc. ADV acquired a new position in shares of Molina Healthcare during the fourth quarter worth about $211,000. Bank of Nova Scotia grew its holdings in shares of Molina Healthcare by 53.5% during the fourth quarter. Bank of Nova Scotia now owns 8,311 shares of the company’s stock worth $3,003,000 after buying an additional 2,897 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Molina Healthcare by 1.0% in the 4th quarter. Eagle Asset Management Inc. now owns 12,619 shares of the company’s stock valued at $4,559,000 after buying an additional 119 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

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.