Molina Healthcare, Inc. (NYSE:MOH) Receives $160.92 Consensus Target Price from Brokerages

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.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Monday, April 29th. The company reported $3.04 EPS for the quarter, beating the Zacks’ consensus estimate of $2.41 by $0.63. Molina Healthcare had a net margin of 4.35% and a return on equity of 49.21%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s revenue was down 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Molina Healthcare will post 10.96 earnings per share for the current year.

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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Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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