Mizuho Issues Pessimistic Forecast for Molina Healthcare (NYSE:MOH) Stock Price

Molina Healthcare (NYSE:MOH) had its target price cut by analysts at Mizuho from $400.00 to $330.00 in a report issued on Friday, July 11th, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 105.83% from the stock’s current price.

Several other research analysts have also recently weighed in on MOH. Morgan Stanley cut Molina Healthcare from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $364.00 to $266.00 in a report on Thursday, July 10th. Guggenheim initiated coverage on Molina Healthcare in a research report on Wednesday, April 9th. They set a “neutral” rating for the company. Robert W. Baird restated a “neutral” rating and set a $375.00 target price (up previously from $331.00) on shares of Molina Healthcare in a research report on Tuesday, April 15th. Wall Street Zen lowered Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Sunday, June 29th. Finally, Sanford C. Bernstein assumed coverage on shares of Molina Healthcare in a research report on Tuesday, April 22nd. They set an “outperform” rating and a $414.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $244.55.

Molina Healthcare Trading Down 0.5%

Molina Healthcare stock opened at $160.33 on Friday. The firm has a 50 day moving average of $260.86 and a 200 day moving average of $294.37. Molina Healthcare has a 12-month low of $156.36 and a 12-month high of $365.23. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 4.53 and a beta of 0.55. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.77.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 earnings per share for the quarter, missing the consensus estimate of $5.50 by ($0.02). Molina Healthcare had a net margin of 2.60% and a return on equity of 27.72%. The firm had revenue of $11.43 billion during the quarter, compared to the consensus estimate of $10.94 billion. During the same quarter in the previous year, the firm earned $5.86 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, research analysts predict that Molina Healthcare will post 24.4 earnings per share for the current year.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds have recently added to or reduced their stakes in the stock. Rothschild Investment LLC raised its holdings in Molina Healthcare by 126.3% during the first quarter. Rothschild Investment LLC now owns 86 shares of the company’s stock valued at $28,000 after acquiring an additional 48 shares during the period. Zions Bancorporation National Association UT purchased a new position in Molina Healthcare during the 1st quarter valued at about $29,000. Colonial Trust Co SC raised its position in shares of Molina Healthcare by 930.0% in the 4th quarter. Colonial Trust Co SC now owns 103 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Deseret Mutual Benefit Administrators boosted its holdings in shares of Molina Healthcare by 60.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 90 shares of the company’s stock valued at $30,000 after buying an additional 34 shares in the last quarter. Finally, Elequin Capital LP raised its stake in Molina Healthcare by 170.6% in the first quarter. Elequin Capital LP now owns 92 shares of the company’s stock valued at $30,000 after buying an additional 58 shares during the last quarter. 98.50% of the stock is owned by institutional investors.

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.