Molina Healthcare (NYSE:MOH) had its target price increased by stock analysts at Wells Fargo & Co from $90.00 to $92.00 in a research report issued on Thursday. The firm presently has a “market perform” rating on the stock. Wells Fargo & Co’s price target suggests a potential downside of 5.34% from the company’s previous close.

A number of other equities research analysts also recently issued reports on MOH. ValuEngine upgraded shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Piper Jaffray Companies lifted their price target on shares of Molina Healthcare to $92.00 and gave the company an “overweight” rating in a research report on Tuesday, March 20th. Leerink Swann lifted their price target on shares of Molina Healthcare from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, March 28th. Zacks Investment Research upgraded shares of Molina Healthcare from a “hold” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research report on Tuesday, April 17th. Finally, Morgan Stanley lifted their price target on shares of Molina Healthcare from $91.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Molina Healthcare has a consensus rating of “Hold” and an average price target of $82.71.

NYSE:MOH traded down $0.87 during mid-day trading on Thursday, reaching $97.19. The stock had a trading volume of 14,099 shares, compared to its average volume of 1,303,953. Molina Healthcare has a twelve month low of $56.67 and a twelve month high of $103.27. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.98. The company has a market cap of $6.13 billion, a P/E ratio of 173.57, a PEG ratio of 1.40 and a beta of 1.17.

Molina Healthcare (NYSE:MOH) last posted its quarterly earnings results on Monday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.90. Molina Healthcare had a negative net margin of 2.46% and a positive return on equity of 20.08%. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.74 billion. During the same period last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. analysts expect that Molina Healthcare will post 4.62 EPS for the current year.

In other Molina Healthcare news, Director Steven J. Orlando sold 1,500 shares of Molina Healthcare stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $82.10, for a total value of $123,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Garrey Carruthers sold 2,050 shares of Molina Healthcare stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $86.24, for a total transaction of $176,792.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,150 shares of company stock valued at $350,174 over the last 90 days. Insiders own 0.65% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System grew its stake in Molina Healthcare by 2.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,447 shares of the company’s stock worth $1,985,000 after acquiring an additional 669 shares during the period. Great West Life Assurance Co. Can grew its stake in Molina Healthcare by 1.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,001 shares of the company’s stock worth $3,164,000 after acquiring an additional 674 shares during the period. California State Teachers Retirement System grew its stake in Molina Healthcare by 1.2% in the 1st quarter. California State Teachers Retirement System now owns 70,220 shares of the company’s stock worth $5,700,000 after acquiring an additional 808 shares during the period. American International Group Inc. grew its stake in Molina Healthcare by 0.7% in the 1st quarter. American International Group Inc. now owns 120,515 shares of the company’s stock worth $9,783,000 after acquiring an additional 812 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in Molina Healthcare by 7.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 14,290 shares of the company’s stock worth $1,160,000 after acquiring an additional 990 shares during the period.

Molina Healthcare Company Profile

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.

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

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