Shares of Molina Healthcare, Inc. (NYSE:MOH) have earned an average rating of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $135.33.
MOH has been the topic of a number of recent research reports. Jefferies Financial Group downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Friday, October 12th. They noted that the move was a valuation call. Morgan Stanley raised their price target on shares of Molina Healthcare from $132.00 to $178.00 and gave the company an “overweight” rating in a report on Wednesday, September 5th. Zacks Investment Research downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Monday, October 8th. SunTrust Banks raised their price target on shares of Molina Healthcare to $140.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $134.00 price target on shares of Molina Healthcare in a report on Thursday, August 2nd.
In other news, insider James Woys bought 25,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were acquired at an average cost of $148.79 per share, for a total transaction of $3,719,750.00. Following the purchase, the insider now owns 17,203 shares of the company’s stock, valued at approximately $2,559,634.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Z. Fedak sold 3,795 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $120.74, for a total transaction of $458,208.30. Following the completion of the transaction, the director now owns 18,464 shares in the company, valued at $2,229,343.36. The disclosure for this sale can be found here. Insiders sold a total of 12,868 shares of company stock worth $1,703,690 over the last quarter. 0.65% of the stock is currently owned by company insiders.
MOH stock traded up $3.22 during midday trading on Friday, reaching $128.81. The company had a trading volume of 14,730 shares, compared to its average volume of 1,055,722. Molina Healthcare has a 1 year low of $71.07 and a 1 year high of $154.06. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.78. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 229.98, a PEG ratio of 1.36 and a beta of 1.52.
Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, October 31st. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.90. The business had revenue of $4.70 billion for the quarter, compared to the consensus estimate of $4.72 billion. Molina Healthcare had a net margin of 1.27% and a return on equity of 30.50%. Molina Healthcare’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.62) EPS. On average, research analysts anticipate that Molina Healthcare will post 8.12 EPS for the current year.
About Molina Healthcare
Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.
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