Molina Healthcare (NYSE:MOH) Earns “Underperform” Rating from Bank of America

Bank of America reaffirmed their underperform rating on shares of Molina Healthcare (NYSE:MOH) in a research note issued to investors on Wednesday morning, Briefing.com Automated Import reports. Bank of America currently has a $140.00 target price on the stock, up from their previous target price of $132.00.

A number of other equities analysts have also commented on the stock. Barclays raised their price objective on shares of Molina Healthcare from $140.00 to $149.00 and gave the company an equal weight rating in a research report on Friday, May 31st. Morgan Stanley raised their price objective on shares of Molina Healthcare from $178.00 to $184.00 and gave the company an overweight rating in a research report on Friday, July 12th. Wells Fargo & Co upgraded shares of Molina Healthcare from a market perform rating to an outperform rating and set a $177.00 price objective for the company in a research report on Friday, May 31st. Finally, BMO Capital Markets upgraded shares of Molina Healthcare from a market perform rating to an outperform rating and raised their price objective for the company from $154.00 to $200.00 in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $162.82.

Shares of MOH stock traded down $1.00 during trading hours on Wednesday, reaching $129.24. The stock had a trading volume of 480,916 shares, compared to its average volume of 455,654. The stock has a fifty day simple moving average of $141.94. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.85. Molina Healthcare has a 12 month low of $105.28 and a 12 month high of $159.00. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.88 and a beta of 1.25.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings data on Tuesday, July 30th. The company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.55. Molina Healthcare had a net margin of 4.48% and a return on equity of 51.49%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the business earned $3.08 earnings per share. Molina Healthcare’s revenue was down 14.1% compared to the same quarter last year. As a group, equities analysts expect that Molina Healthcare will post 11.48 EPS for the current fiscal year.

In other Molina Healthcare news, Director Steven J. Orlando sold 1,000 shares of Molina Healthcare stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $126.30, for a total transaction of $126,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Cooperman sold 4,004 shares of Molina Healthcare stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $155.00, for a total transaction of $620,620.00. Following the sale, the director now owns 4,096 shares of the company’s stock, valued at $634,880. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,304 shares of company stock valued at $945,495. 0.77% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Molina Healthcare by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 610,075 shares of the company’s stock worth $70,899,000 after buying an additional 25,932 shares during the last quarter. Stifel Financial Corp increased its position in Molina Healthcare by 3.0% during the fourth quarter. Stifel Financial Corp now owns 3,120 shares of the company’s stock worth $362,000 after buying an additional 92 shares during the last quarter. MML Investors Services LLC acquired a new position in Molina Healthcare during the fourth quarter worth $324,000. Gotham Asset Management LLC increased its position in Molina Healthcare by 47.4% during the fourth quarter. Gotham Asset Management LLC now owns 3,230 shares of the company’s stock worth $375,000 after buying an additional 1,039 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Molina Healthcare by 1,201.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 12,001 shares of the company’s stock valued at $1,395,000 after acquiring an additional 11,079 shares during the period. Institutional investors and hedge funds own 99.94% of the company’s stock.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program in the United States. It operates through three segments: Health Plans, Molina Medicaid Solutions, and Other.

Read More: What is a growth and income fund?

Analyst Recommendations for Molina Healthcare (NYSE:MOH)

Receive News & Ratings for Molina Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Molina Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.