Shares of Molina Healthcare, Inc. (NYSE:MOH) have been given an average rating of “Buy” by the sixteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $160.25.
A number of equities research analysts have recently issued reports on the stock. Barclays set a $145.00 price target on shares of Sanderson Farms and gave the company a “hold” rating in a research report on Friday, May 31st. Morgan Stanley upgraded shares of to an “overweight” rating and set a GBX 400 ($5.23) price target for the company in a research report on Friday. BMO Capital Markets set a C$106.00 price target on shares of FirstService and gave the company a “market perform” rating in a research report on Monday, June 3rd. Bank of America downgraded shares of Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target for the company. in a research report on Tuesday, April 30th. Finally, Wells Fargo & Co set a $12.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Friday, May 31st.
NYSE:MOH traded up $1.54 during mid-day trading on Friday, reaching $144.87. The stock had a trading volume of 370,648 shares, compared to its average volume of 513,483. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28. Molina Healthcare has a twelve month low of $101.87 and a twelve month high of $159.00. The firm’s 50 day moving average price is $144.00.
In related news, Director Garrey Carruthers sold 1,300 shares of Molina Healthcare stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $152.75, for a total transaction of $198,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel Cooperman sold 4,004 shares of Molina Healthcare stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $155.00, for a total value of $620,620.00. Following the transaction, the director now owns 4,096 shares of the company’s stock, valued at $634,880. The disclosure for this sale can be found here. Insiders have sold a total of 6,304 shares of company stock valued at $945,495 over the last 90 days. Insiders own 0.77% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Molina Healthcare by 97.9% during the 1st quarter. Parallel Advisors LLC now owns 186 shares of the company’s stock worth $26,000 after purchasing an additional 92 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Molina Healthcare by 3,577.8% in the 1st quarter. Cornerstone Advisors Inc. now owns 331 shares of the company’s stock worth $47,000 after acquiring an additional 322 shares during the period. FTB Advisors Inc. grew its stake in Molina Healthcare by 367.6% in the 1st quarter. FTB Advisors Inc. now owns 346 shares of the company’s stock worth $48,000 after acquiring an additional 272 shares during the period. Financial Gravity Wealth Inc. purchased a new stake in Molina Healthcare in the 1st quarter worth approximately $54,000. Finally, Quadrant Capital Group LLC grew its stake in Molina Healthcare by 289.3% in the 1st quarter. Quadrant Capital Group LLC now owns 545 shares of the company’s stock worth $71,000 after acquiring an additional 405 shares during the period.
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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