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

Molina Healthcare (NYSE:MOH) had its price target decreased by Truist Financial from $400.00 to $370.00 in a report published on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research analysts have also recently issued reports on MOH. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a research report on Thursday, October 24th. Barclays lifted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company boosted 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 note on Monday, November 4th. Finally, Robert W. Baird lowered their price target on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.18.

Molina Healthcare Trading Up 0.8 %

Shares of Molina Healthcare stock opened at $298.93 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.54 and a debt-to-equity ratio of 0.53. Molina Healthcare has a 12-month low of $272.69 and a 12-month high of $423.92. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.04 and a beta of 0.54. The firm’s 50-day moving average price is $302.88 and its two-hundred day moving average price is $317.62.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $9.92 billion. During the same period last year, the firm posted $5.05 earnings per share. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts forecast that Molina Healthcare will post 23.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently made changes to their positions in the stock. Pensionfund Sabic lifted its stake in shares of Molina Healthcare by 30.3% in the fourth quarter. Pensionfund Sabic now owns 4,300 shares of the company’s stock worth $1,252,000 after acquiring an additional 1,000 shares during the period. Nordea Investment Management AB lifted its position in shares of Molina Healthcare by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 4,445 shares of the company’s stock worth $1,300,000 after purchasing an additional 300 shares during the period. Everence Capital Management Inc. bought a new stake in shares of Molina Healthcare in the 4th quarter valued at $544,000. GAMMA Investing LLC increased its position in shares of Molina Healthcare by 64.5% during the fourth quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $260,000 after buying an additional 350 shares during the period. Finally, Versant Capital Management Inc raised its stake in Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after buying an additional 74 shares during the last quarter. Institutional investors 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.