Molina Healthcare (NYSE:MOH) Rating Increased to Strong-Buy at Zacks Research

Molina Healthcare (NYSE:MOH) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently weighed in on MOH. Truist Financial decreased their price target on Molina Healthcare from $250.00 to $225.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. TD Cowen raised their price objective on shares of Molina Healthcare from $163.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada reduced their price objective on shares of Molina Healthcare from $248.00 to $218.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Morgan Stanley upped their target price on shares of Molina Healthcare from $146.00 to $167.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Finally, Wall Street Zen cut shares of Molina Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $202.44.

Molina Healthcare Price Performance

Molina Healthcare stock opened at $188.87 on Tuesday. Molina Healthcare has a one year low of $121.06 and a one year high of $244.89. The business has a fifty day moving average price of $202.43 and a 200-day moving average price of $187.34. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $9.86 billion, a P/E ratio of -1,049.23, a PEG ratio of 27.40 and a beta of 0.75.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.12. Molina Healthcare had a positive return on equity of 3.73% and a negative net margin of 0.02%.The company had revenue of $10.87 billion for the quarter, compared to analyst estimates of $10.83 billion. During the same period in the previous year, the company posted $5.48 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Molina Healthcare will post 5.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MOH. Sequoia Financial Advisors LLC lifted its position in Molina Healthcare by 71.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,777 shares of the company’s stock valued at $1,092,000 after purchasing an additional 1,987 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Molina Healthcare in the 2nd quarter worth $572,000. Cidel Asset Management Inc. bought a new position in shares of Molina Healthcare in the 2nd quarter worth $342,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Molina Healthcare during the 2nd quarter valued at $209,000. Finally, Integrated Wealth Concepts LLC raised its position in shares of Molina Healthcare by 56.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,669 shares of the company’s stock valued at $3,584,000 after buying an additional 5,681 shares in the last quarter. 98.50% of the stock is currently owned by institutional investors.

Molina Healthcare Company Profile

Molina Healthcare, Inc is a managed care company that provides health insurance and related services through government-sponsored programs. Its primary lines of business include Medicaid, Medicare, and Affordable Care Act Marketplace plans, with a focus on serving low-income individuals, families, seniors, and people with complex medical needs.

The company offers health plans that coordinate medical, behavioral health, pharmacy, and other care services through contracted provider networks.