Barclays Raises Molina Healthcare (NYSE:MOH) Price Target to $372.00

Molina Healthcare (NYSE:MOH) had its price objective increased by Barclays from $359.00 to $372.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms also recently commented on MOH. TD Cowen reduced their target price on Molina Healthcare from $412.00 to $351.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Jefferies Financial Group dropped their price target on Molina Healthcare from $354.00 to $297.00 and set a “hold” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $315.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a report on Thursday. Finally, StockNews.com raised Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Molina Healthcare has an average rating of “Moderate Buy” and an average price target of $367.00.

Molina Healthcare Trading Up 0.6 %

NYSE MOH opened at $325.54 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.57 and a current ratio of 1.57. Molina Healthcare has a one year low of $272.69 and a one year high of $423.92. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.99 and a beta of 0.58. The firm has a 50 day simple moving average of $335.23 and a 200-day simple moving average of $329.39.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $6.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.96 by $0.05. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The business had revenue of $10.34 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same period in the prior year, the firm posted $5.05 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts anticipate that Molina Healthcare will post 23.5 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $339.21, for a total transaction of $339,210.00. Following the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the completion of the sale, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Molina Healthcare

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new position in Molina Healthcare in the third quarter worth approximately $286,000. Custom Index Systems LLC increased its stake in shares of Molina Healthcare by 62.8% during the 3rd quarter. Custom Index Systems LLC now owns 1,123 shares of the company’s stock worth $387,000 after purchasing an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Molina Healthcare by 2.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 96,080 shares of the company’s stock valued at $32,646,000 after purchasing an additional 2,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Molina Healthcare by 9.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,706 shares of the company’s stock valued at $932,000 after purchasing an additional 242 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Molina Healthcare by 27.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,039 shares of the company’s stock worth $1,723,000 after purchasing an additional 1,084 shares in the last quarter. 98.50% of the stock is owned by hedge funds and other institutional investors.

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.