Molina Healthcare (NYSE:MOH) Price Target Cut to $340.00 by Analysts at Truist Financial

Molina Healthcare (NYSE:MOH) had its target price decreased by Truist Financial from $370.00 to $340.00 in a report released on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other research firms also recently weighed in on MOH. Robert W. Baird cut their price target 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. 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 report on Monday, November 4th. StockNews.com downgraded shares of Molina Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $406.00 target price on shares of Molina Healthcare in a report on Thursday, October 24th. Finally, Barclays dropped their target price on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $353.17.

Molina Healthcare Trading Down 2.6 %

Molina Healthcare stock opened at $283.89 on Wednesday. The company has a 50 day moving average price of $293.21 and a 200 day moving average price of $314.41. Molina Healthcare has a 52 week low of $262.32 and a 52 week high of $423.92. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 1.05 and a beta of 0.54.

Molina Healthcare (NYSE:MOH) last issued its earnings results 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%. Research analysts forecast that Molina Healthcare will post 24.37 EPS for the current year.

Institutional Trading of Molina Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of MOH. Creative Planning grew its position in Molina Healthcare by 2.7% in the 3rd quarter. Creative Planning now owns 8,454 shares of the company’s stock worth $2,913,000 after purchasing an additional 226 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Molina Healthcare by 26.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 888 shares of the company’s stock valued at $306,000 after acquiring an additional 183 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Molina Healthcare by 84.9% during the 3rd quarter. Blue Trust Inc. now owns 479 shares of the company’s stock valued at $165,000 after acquiring an additional 220 shares in the last quarter. Raymond James & Associates boosted its position in shares of Molina Healthcare by 59.9% during the 3rd quarter. Raymond James & Associates now owns 42,298 shares of the company’s stock valued at $14,574,000 after acquiring an additional 15,840 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Molina Healthcare by 11.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,195 shares of the company’s stock valued at $412,000 after acquiring an additional 124 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors and hedge funds.

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.