The stock of Molina Healthcare Inc. (NYSE:MOH) last traded at $318.47, up 0.42% from the previous session.
Data from the available sources indicates that Molina Healthcare Inc. (NYSE:MOH) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $386.00 and a low of $290.00, we find $345.00. Given the previous closing price of $317.13, this indicates a potential upside of 8.79 percent. MOH stock price is now 9.75% away from the 50-day moving average and 4.50% away from the 200-day moving average. The market capitalization of the company currently stands at $18.49B.
In total, 7 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $342.94 as their price target over the next twelve months.
With the price target of $310, UBS recently initiated with Neutral rating for Molina Healthcare Inc. (NYSE: MOH).
In other news, COOPERMAN DANIEL, Director sold 5,000 shares of the company’s stock on Mar 03. The stock was sold for $1,383,830 at an average price of $276.77. Upon completion of the transaction, the Director now directly owns 4,944 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, EVP, Health Plans Russo Marc sold 1,500 shares of the business’s stock. A total of $526,755 was realized by selling the stock at an average price of $351.17. This leaves the insider owning 15,513 shares of the company worth $4.94 million. Insiders disposed of 590,343 shares of company stock worth roughly $188.01 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MOH stock. A new stake in Molina Healthcare Inc. shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $12,805,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC invested $11,765,000 in shares of MOH during the first quarter. In the first quarter, MAGNETAR FINANCIAL LLC acquired a new stake in Molina Healthcare Inc. valued at approximately $11,260,000. CAMBIAR INVESTORS LLC acquired a new stake in MOH for approximately $10,583,000. ORION PORTFOLIO SOLUTIONS, LLC purchased a new stake in MOH valued at around $5,431,000 in the second quarter. In total, there are 894 active investors with 98.00% ownership of the company’s stock.
With an opening price of $316.99 on Friday morning, Molina Healthcare Inc. (NYSE: MOH) set off the trading day. During the past 12 months, Molina Healthcare Inc. has had a low of $256.19 and a high of $374.00. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $12.58B, which is based on a 21.69 price-to-earnings ratio, a 1.65 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for MOH is $290.69 and a two-hundred day moving average price translates $304.65 for the stock.
The latest earnings results from Molina Healthcare Inc. (NYSE: MOH) was released for Mar, 2023. According to the Healthcare Plans Company, earnings per share came in at $5.81, beating analysts’ expectations of $5.12 by 0.69. This compares to $4.40 EPS in the same period last year. The net profit margin was 2.60% and return on equity was 28.20% for MOH. The company reported revenue of $8.15 billion for the quarter, compared to $7.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.88 percent. For the current quarter, analysts expect MOH to generate $8.32B in revenue.
Molina Healthcare Inc.(MOH) 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.
