Mitsubishi UFJ Financial Group upgraded shares of Molina Healthcare (NYSE:MOH) from a neutral rating to an overweight rating in a research report report published on Tuesday, The Fly reports. Mitsubishi UFJ Financial Group also issued estimates for Molina Healthcare’s Q1 2019 earnings at $2.35 EPS, Q2 2019 earnings at $2.65 EPS, Q3 2019 earnings at $2.50 EPS, Q4 2019 earnings at $1.85 EPS, FY2019 earnings at $9.35 EPS and FY2020 earnings at $10.15 EPS.

A number of other equities research analysts have also recently commented on MOH. Piper Jaffray Companies raised their price target on Molina Healthcare to $165.00 and gave the company an overweight rating in a report on Wednesday, September 26th. Morgan Stanley raised their price target on Molina Healthcare from $178.00 to $184.00 and gave the company an overweight rating in a report on Thursday, October 18th. Zacks Investment Research cut Molina Healthcare from a buy rating to a hold rating in a report on Monday, October 8th. Evercore ISI assumed coverage on Molina Healthcare in a report on Tuesday, October 9th. They set an in-line rating and a $158.00 price target on the stock. Finally, Jefferies Financial Group cut Molina Healthcare from a buy rating to a hold rating and set a $152.00 price target on the stock. in a report on Friday, October 12th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $140.92.

Molina Healthcare stock traded up $0.17 during trading on Tuesday, reaching $133.21. The company had a trading volume of 24,254 shares, compared to its average volume of 1,102,441. Molina Healthcare has a 52 week low of $71.07 and a 52 week high of $154.06. The stock has a market cap of $8.15 billion, a P/E ratio of 237.86, a P/E/G ratio of 1.26 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.40 and a current ratio of 1.40.

Molina Healthcare (NYSE:MOH) last announced its earnings results on Wednesday, October 31st. The company reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.90. Molina Healthcare had a return on equity of 30.50% and a net margin of 1.27%. The company had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same period last year, the firm earned ($1.62) EPS. Molina Healthcare’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts predict that Molina Healthcare will post 8.12 EPS for the current year.

In other news, Director Ronna Romney sold 200 shares of Molina Healthcare stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $141.23, for a total transaction of $28,246.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dale B. Wolf sold 4,000 shares of Molina Healthcare stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $135.57, for a total transaction of $542,280.00. Following the sale, the director now directly owns 10,214 shares of the company’s stock, valued at approximately $1,384,711.98. The disclosure for this sale can be found here. In the last three months, insiders sold 9,195 shares of company stock valued at $1,187,506. 0.65% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. First Hawaiian Bank raised its stake in Molina Healthcare by 5.2% in the fourth quarter. First Hawaiian Bank now owns 3,032 shares of the company’s stock worth $352,000 after buying an additional 150 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Molina Healthcare by 1.6% during the third quarter. Aperio Group LLC now owns 22,234 shares of the company’s stock valued at $3,306,000 after buying an additional 360 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Molina Healthcare by 13.9% during the third quarter. World Asset Management Inc now owns 3,047 shares of the company’s stock valued at $453,000 after buying an additional 372 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Molina Healthcare by 1.7% during the third quarter. American Century Companies Inc. now owns 26,693 shares of the company’s stock valued at $3,969,000 after buying an additional 439 shares during the last quarter. Finally, Vident Investment Advisory LLC grew its holdings in shares of Molina Healthcare by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 38,230 shares of the company’s stock valued at $3,744,000 after buying an additional 573 shares during the last quarter.

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.

See Also: What are retained earnings?

The Fly

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.