Molina Healthcare (NYSE:MOH) PT Lowered to $301.00 at Wells Fargo & Company

Molina Healthcare (NYSE:MOHGet Rating) had its price objective decreased by Wells Fargo & Company from $308.00 to $301.00 in a research report released on Wednesday, The Fly reports. Wells Fargo & Company currently has an underweight rating on the stock.

Other analysts have also issued reports about the stock. Mizuho raised their price objective on shares of Molina Healthcare from $330.00 to $345.00 and gave the company a buy rating in a research note on Friday, February 11th. BMO Capital Markets lifted their price target on shares of Molina Healthcare from $365.00 to $380.00 and gave the stock an outperform rating in a research note on Monday, February 14th. Morgan Stanley reduced their price target on shares of Molina Healthcare from $397.00 to $365.00 and set an overweight rating for the company in a research note on Tuesday, February 22nd. StockNews.com started coverage on shares of Molina Healthcare in a research note on Thursday, March 31st. They issued a strong-buy rating for the company. Finally, Cowen lifted their price target on shares of Molina Healthcare from $356.00 to $366.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of $337.23.

NYSE:MOH opened at $305.08 on Wednesday. The firm has a market cap of $17.91 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.44 and a current ratio of 1.44. Molina Healthcare has a fifty-two week low of $239.20 and a fifty-two week high of $350.19. The firm has a 50-day simple moving average of $322.03 and a two-hundred day simple moving average of $310.24.

Molina Healthcare (NYSE:MOHGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.74 by $0.16. The business had revenue of $7.77 billion during the quarter, compared to analyst estimates of $7.54 billion. Molina Healthcare had a net margin of 2.37% and a return on equity of 31.85%. During the same period last year, the business earned $4.44 EPS. On average, equities research analysts predict that Molina Healthcare will post 17.14 EPS for the current year.

In other Molina Healthcare news, Director Steven J. Orlando sold 591 shares of Molina Healthcare stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $311.00, for a total transaction of $183,801.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeff D. Barlow sold 5,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $315.00, for a total transaction of $1,575,000.00. The disclosure for this sale can be found here. Insiders have sold 5,991 shares of company stock valued at $1,883,261 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd bought a new stake in Molina Healthcare in the fourth quarter worth $25,000. Steward Partners Investment Advisory LLC increased its position in Molina Healthcare by 123.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 76 shares of the company’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Molina Healthcare in the first quarter worth $26,000. JFS Wealth Advisors LLC increased its position in Molina Healthcare by 447.1% in the first quarter. JFS Wealth Advisors LLC now owns 93 shares of the company’s stock worth $31,000 after purchasing an additional 76 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Molina Healthcare during the third quarter valued at $39,000. 94.82% of the stock is currently owned by hedge funds and other institutional investors.

Molina Healthcare Company Profile (Get Rating)

Molina Healthcare, Inc provides managed health care 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. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states.

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