Molina Healthcare, Inc. (MOH) Receives Consensus Recommendation of “Hold” from Brokerages

Molina Healthcare, Inc. (NYSE:MOH) has received an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $73.00.

Several equities research analysts have weighed in on MOH shares. Jefferies Group increased their price target on Molina Healthcare from $64.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Goldman Sachs Group started coverage on Molina Healthcare in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $83.00 price target on the stock. Morgan Stanley increased their price target on Molina Healthcare from $68.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. ValuEngine downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. cut their price target on Molina Healthcare from $103.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, February 15th.

In other news, Director John C. Molina sold 6,400 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $78.18, for a total transaction of $500,352.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Z. Fedak sold 4,487 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $72.55, for a total value of $325,531.85. Following the sale, the director now owns 20,648 shares in the company, valued at $1,498,012.40. The disclosure for this sale can be found here. Insiders have sold a total of 668,292 shares of company stock worth $53,340,151 over the last 90 days. Insiders own 6.20% of the company’s stock.

Several large investors have recently bought and sold shares of MOH. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Molina Healthcare during the 4th quarter valued at about $100,000. Zions Bancorporation acquired a new stake in Molina Healthcare in the 3rd quarter worth about $118,000. Tiedemann Wealth Management LLC boosted its holdings in Molina Healthcare by 7.8% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 1,440,066 shares of the company’s stock worth $135,000 after buying an additional 103,775 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Molina Healthcare by 40.3% in the 4th 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. Finally, Connable Office Inc. acquired a new stake in Molina Healthcare in the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Shares of Molina Healthcare (MOH) traded down $0.37 on Wednesday, reaching $71.49. The company’s stock had a trading volume of 542,426 shares, compared to its average volume of 1,424,052. The firm has a market cap of $4,304.86, a P/E ratio of -7.93, a P/E/G ratio of 1.29 and a beta of 1.10. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.29. Molina Healthcare has a 12 month low of $42.56 and a 12 month high of $93.98.

ILLEGAL ACTIVITY NOTICE: “Molina Healthcare, Inc. (MOH) Receives Consensus Recommendation of “Hold” from Brokerages” was first posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/21/molina-healthcare-inc-moh-receives-consensus-recommendation-of-hold-from-brokerages.html.

About Molina Healthcare

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.

Leave a Reply