Molina Healthcare (NYSE:MOH) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Molina Healthcare (NYSE:MOH) from a strong-buy rating to a buy rating in a report released on Saturday morning.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company raised their price target on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Truist Financial dropped their price target on shares of Molina Healthcare from $400.00 to $370.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $350.00 price target (down from $378.00) on shares of Molina Healthcare in a research report on Tuesday, December 17th. UBS Group dropped their price target on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $406.00 price objective on shares of Molina Healthcare in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $355.67.

Molina Healthcare Stock Up 0.8 %

Shares of NYSE MOH opened at $286.20 on Friday. The stock has a market capitalization of $16.37 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.94 and a beta of 0.54. The company has a 50-day moving average price of $297.96 and a 200-day moving average price of $318.27. Molina Healthcare has a 1 year low of $272.69 and a 1 year high of $423.92. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.62 and a quick ratio of 1.55.

Molina Healthcare (NYSE:MOH) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a net margin of 2.90% and a return on equity of 28.13%. On average, equities research analysts forecast that Molina Healthcare will post 24.5 EPS for the current fiscal year.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of MOH. True Wealth Design LLC raised its position in shares of Molina Healthcare by 2,500.0% in the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Versant Capital Management Inc grew 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 valued at $47,000 after acquiring an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC grew its stake in Molina Healthcare by 81.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $57,000 after acquiring an additional 88 shares in the last quarter. Finally, Financial Perspectives Inc purchased a new position in Molina Healthcare during the fourth quarter valued at approximately $59,000. 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.