Brokerages Set Molina Healthcare, Inc. (NYSE:MOH) Target Price at $355.67

Shares of Molina Healthcare, Inc. (NYSE:MOH) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $353.17.

A number of research analysts have recently commented on MOH shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Thursday, October 24th. UBS Group cut their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird dropped their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $345.00 target price on shares of Molina Healthcare in a research note on Thursday, February 6th.

Institutional Investors Weigh In On Molina Healthcare

Institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp lifted its position in shares of Molina Healthcare by 38.4% during the 4th quarter. Mackenzie Financial Corp now owns 7,807 shares of the company’s stock worth $2,272,000 after buying an additional 2,168 shares during the period. Forum Financial Management LP raised its stake in Molina Healthcare by 12.4% during the fourth quarter. Forum Financial Management LP now owns 986 shares of the company’s stock worth $287,000 after acquiring an additional 109 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Molina Healthcare during the fourth quarter valued at $423,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Molina Healthcare in the 4th quarter valued at $5,668,000. Finally, GTS Securities LLC grew its holdings in shares of Molina Healthcare by 931.0% in the 4th quarter. GTS Securities LLC now owns 1,072 shares of the company’s stock worth $312,000 after purchasing an additional 1,201 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

Molina Healthcare Stock Performance

NYSE:MOH opened at $291.71 on Friday. The firm has a market capitalization of $16.19 billion, a PE ratio of 14.28, a PEG ratio of 0.98 and a beta of 0.54. Molina Healthcare has a 1 year low of $262.32 and a 1 year high of $423.92. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $293.60 and its 200 day simple moving average is $314.85.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that Molina Healthcare will post 24.37 EPS for the current year.

About Molina Healthcare

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.