Molina Healthcare (NYSE:MOH) Earns “Neutral” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Molina Healthcare (NYSE:MOH) in a research report report published on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $350.00 price objective on the stock, down from their prior price objective of $378.00.

A number of other equities analysts also recently issued reports on the company. Wells Fargo & Company increased their price target on Molina Healthcare from $360.00 to $362.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Robert W. Baird dropped their target price on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays boosted their price target on shares of Molina Healthcare from $359.00 to $372.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price objective on shares of Molina Healthcare in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Molina Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $363.42.

Molina Healthcare Trading Down 1.3 %

NYSE MOH opened at $291.78 on Tuesday. The stock has a market cap of $16.69 billion, a PE ratio of 14.82, a PEG ratio of 1.03 and a beta of 0.54. Molina Healthcare has a 12 month low of $272.69 and a 12 month high of $423.92. The company’s 50-day moving average price is $309.31 and its 200-day moving average price is $319.33. The company has a current ratio of 1.54, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53.

Molina Healthcare (NYSE:MOH) last issued its earnings results on Wednesday, October 23rd. The company reported $6.01 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.05. Molina Healthcare had a net margin of 2.92% and a return on equity of 27.88%. The business had revenue of $10.34 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same period in the prior year, the firm earned $5.05 EPS. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts forecast that Molina Healthcare will post 23.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of Molina Healthcare during the second quarter valued at $36,000. True Wealth Design LLC grew its stake in Molina Healthcare by 2,500.0% during the 3rd quarter. True Wealth Design LLC now owns 104 shares of the company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Molina Healthcare in the second quarter valued at about $40,000. AM Squared Ltd purchased a new position in shares of Molina Healthcare in the second quarter worth about $59,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Molina Healthcare during the third quarter worth about $62,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

About Molina Healthcare

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.