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

Molina Healthcare (NYSE:MOH) had its price target cut by Barclays from $270.00 to $186.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 12.75% from the stock’s current price.

A number of other brokerages also recently issued reports on MOH. Wall Street Zen downgraded shares of Molina Healthcare from a “buy” rating to a “hold” rating in a report on Sunday, June 29th. Guggenheim initiated coverage on shares of Molina Healthcare in a report on Wednesday, April 9th. They issued a “neutral” rating for the company. Truist Financial reiterated a “hold” rating and issued a $180.00 price target (down previously from $335.00) on shares of Molina Healthcare in a report on Friday. Wells Fargo & Company cut their price target on shares of Molina Healthcare from $372.00 to $216.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley downgraded shares of Molina Healthcare from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $364.00 to $266.00 in a report on Thursday, July 10th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $267.42.

Molina Healthcare Stock Up 4.3%

MOH stock opened at $164.97 on Friday. The company has a fifty day moving average price of $267.38 and a 200 day moving average price of $296.17. Molina Healthcare has a 12 month low of $156.36 and a 12 month high of $365.23. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.18 and a beta of 0.55. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.63.

Molina Healthcare (NYSE:MOH) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $5.48 EPS for the quarter, missing analysts’ consensus estimates of $5.50 by ($0.02). The firm had revenue of $11.43 billion for the quarter, compared to analysts’ expectations of $10.94 billion. Molina Healthcare had a return on equity of 27.72% and a net margin of 2.60%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.86 EPS. Sell-side analysts expect that Molina Healthcare will post 24.4 earnings per share for the current year.

Insider Transactions at Molina Healthcare

In other Molina Healthcare news, CEO Joseph M. Zubretsky sold 87,500 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $320.06, for a total value of $28,005,250.00. Following the completion of the sale, the chief executive officer directly owned 257,715 shares of the company’s stock, valued at approximately $82,484,262.90. This represents a 25.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard M. Schapiro sold 669 shares of the company’s stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $320.50, for a total transaction of $214,414.50. Following the completion of the sale, the director directly owned 11,244 shares of the company’s stock, valued at $3,603,702. The trade was a 5.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Molina Healthcare

A number of large investors have recently made changes to their positions in MOH. Teacher Retirement System of Texas acquired a new position in Molina Healthcare in the first quarter worth approximately $2,759,000. Farther Finance Advisors LLC increased its holdings in Molina Healthcare by 100.3% in the first quarter. Farther Finance Advisors LLC now owns 659 shares of the company’s stock worth $216,000 after buying an additional 330 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Molina Healthcare in the first quarter worth approximately $1,070,000. Wealth Enhancement Advisory Services LLC increased its holdings in Molina Healthcare by 82.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,635 shares of the company’s stock worth $5,150,000 after buying an additional 7,051 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in Molina Healthcare in the first quarter worth approximately $255,000. Institutional investors and hedge funds 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.