Molina Healthcare, Inc. (MOH) Given Average Rating of “Hold” by Analysts

Molina Healthcare, Inc. (NYSE:MOH) has received a consensus rating of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $75.08.

Several research firms have weighed in on MOH. JPMorgan Chase & Co. raised shares of Molina Healthcare from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 16th. Leerink Swann increased their price target on shares of Molina Healthcare from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Morgan Stanley lowered their price target on shares of Molina Healthcare from $97.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. ValuEngine cut shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Goldman Sachs began coverage on shares of Molina Healthcare in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $83.00 price target on the stock.

How to Become a New Pot Stock Millionaire

Shares of Molina Healthcare (MOH) traded up $0.96 during mid-day trading on Friday, hitting $76.83. 1,619,136 shares of the stock were exchanged, compared to its average volume of 988,783. The company has a market cap of $4,588.83, a PE ratio of -8.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.35 and a current ratio of 1.35. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $93.98.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Monday, February 12th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.11. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $4.96 billion. Molina Healthcare had a negative net margin of 2.58% and a positive return on equity of 17.64%. research analysts anticipate that Molina Healthcare will post 3.68 EPS for the current fiscal year.

In other Molina Healthcare news, Director John C. Molina sold 62,420 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $72.13, for a total transaction of $4,502,354.60. Following the transaction, the director now owns 393,410 shares in the company, valued at approximately $28,376,663.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Dentino sold 67,500 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $86.71, for a total transaction of $5,852,925.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 379,775 shares of company stock worth $31,661,006. Company insiders own 6.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter worth approximately $100,000. Zions Bancorporation bought a new position in Molina Healthcare during the third quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Molina Healthcare by 40.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,404 shares of the company’s stock worth $184,000 after buying an additional 690 shares during the last quarter. Connable Office Inc. bought a new position in Molina Healthcare during the fourth quarter worth $203,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Molina Healthcare in the fourth quarter worth $310,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Molina Healthcare, Inc. (MOH) Given Average Rating of “Hold” by Analysts” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.com-unik.info/2018/03/18/molina-healthcare-inc-moh-given-average-rating-of-hold-by-analysts.html.

Molina Healthcare Company Profile

Molina Healthcare, Inc offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other, which includes its Pathways Health and Community Support LLC (Pathways) business.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit