Molina Healthcare, Inc. (NYSE:MOH), at its latest closing price of $59.24, it has a price-to-book ratio of 2.02, compared to an industry average at 4.19. While the stock price moved along with the volume change, shares are touching $49.47. Jefferies Group LLC's target price indicates a potential downside of 1.49% from the company's current price.
Several other analysts have also commented on the stock. 8 Analysts reported that the Price Target for Molina Healthcare, Inc. might touch $68 high while the Average Price Target and Low price Target is $58.69 and $48 respectively. Goldman Sachs Group, Inc. Last time the company reported, Molina Healthcare, Inc. They issued an "overweight" rating and a $65.00 price target for the company. The average analysts gave this company a mean recommendation of 2.60.
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Molina Healthcare Inc (NYSE:MOH) rose 0.25% or 0.15 points on Tuesday and made its way into the gainers of the day. The stock stands almost 0.62% off versus the 52-week high and 31.18% away from the 52-week low. The Market Capitalization of the company stands at 3.31 Billion. The stock has a 50 day moving average price of $57.49 and a 200 day moving average price of $56.00. (NYSE:MOH) are 2.62%; 1.23% for the month; 17.59% for the last quarter; 2.4% for the past six-months; and 5.99% for the last 12 months.
On a per-share basis, the Long Beach, California-based company said it had a loss of $1.64. Molina Healthcare had a return on equity of 9.38% and a net margin of 0.76%. Total revenue jumped 23.4% year over year to $10,175 million in the reported quarter surpassing the Zacks Consensus Estimate of $9,838 million. Zacks Investment Research upgraded shares of Molina Healthcare from a "hold" rating to a "buy" rating and set a $64.00 target price for the company in a research note on Tuesday, January 10th. Molina Healthcare, Inc.is expected to lift sales by 6.63% in next year to $18.99B. If you are viewing this report on another site, it was copied illegally and reposted in violation of US & worldwide trademark & copyright law.
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October 27, 2016: Molina Healthcare, Inc.
In other Molina Healthcare news, Director Charles Z. Fedak sold 4,875 shares of the firm's stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $60.00, for a total transaction of $469,500.00. According to the SEC, on Dec 13, 2016, Ronna Romney (director) sold 250 shares at $55.00 per share price. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 11 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Orinda Asset Management LLC boosted its stake in Molina Healthcare by 45.8% in the third quarter. The significant disparity in effective tax rates between years makes net income and diluted earnings per share hard to compare between 2016 and 2015. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Molina Healthcare during the fourth quarter valued at approximately $2,170,000.
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Nonetheless, and in the immediate aftermath of reporting, investor reaction in Molina Healthcare, Inc.