Molina Healthcare (NYSE:MOH) Price Target Lowered to $340.00 at Truist Financial

Molina Healthcare (NYSE:MOH) had its price target lowered by analysts at Truist Financial from $370.00 to $340.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 23.64% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird dropped their price objective on shares of Molina Healthcare from $405.00 to $331.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company upped their price objective on shares of Molina Healthcare from $360.00 to $362.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Stephens reissued an “equal weight” rating and issued a $345.00 price objective on shares of Molina Healthcare in a report on Thursday, February 6th. Barclays dropped their price objective on shares of Molina Healthcare from $372.00 to $339.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, UBS Group lowered their target price on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Molina Healthcare has an average rating of “Hold” and an average target price of $353.17.

Molina Healthcare Price Performance

Shares of Molina Healthcare stock traded up $6.44 during trading hours on Wednesday, reaching $275.00. 260,376 shares of the company’s stock were exchanged, compared to its average volume of 642,142. Molina Healthcare has a 1 year low of $262.32 and a 1 year high of $423.92. The company has a market capitalization of $15.26 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.99 and a beta of 0.54. The business has a fifty day moving average of $294.57 and a two-hundred day moving average of $315.79. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.69.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, February 5th. The company reported $5.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.74 by ($0.69). Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. As a group, research analysts predict that Molina Healthcare will post 24.37 earnings per share for the current fiscal year.

Institutional Trading of Molina Healthcare

Hedge funds have recently made changes to their positions in the business. Colonial Trust Co SC lifted its position in shares of Molina Healthcare by 930.0% during the fourth quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Molina Healthcare by 2,500.0% during the third quarter. True Wealth Design LLC now owns 104 shares of the company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Molina Healthcare by 83.1% during the fourth quarter. Versant Capital Management Inc now owns 163 shares of the company’s stock worth $47,000 after purchasing an additional 74 shares in the last quarter. Wingate Wealth Advisors Inc. acquired a new stake in Molina Healthcare in the fourth quarter valued at approximately $52,000. Finally, Hurley Capital LLC purchased a new position in Molina Healthcare in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 98.50% of the company’s stock.

Molina Healthcare Company Profile

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.