Molina Healthcare Inc (MOH) stock is expected to deviate a maximum of $8.14 from the average target price of $61.38 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $75 and the most muted being $50.
Molina Healthcare Inc (MOH) : 4 brokerage houses believe that Molina Healthcare Inc (MOH) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Molina Healthcare Inc (MOH). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.3.
Also, Barclays terminates its view on Molina Healthcare Inc (NYSE:MOH) according to the research report released by the firm to its investors. Earlier, the shares had a rating of Equal-weight. The rating by the firm was issued on August 2, 2016.
Molina Healthcare Inc (NYSE:MOH): The stock opened at $53.67 on Thursday but the bulls could not build on the opening and the stock topped out at $54.13 for the day. The stock traded down to $52.78 during the day, due to lack of any buying support eventually closed down at $53.54 with a loss of -0.50% for the day. The stock had closed at $53.81 on the previous day. The total traded volume was 487,115 shares.
Molina Healthcare, Inc. provides health care to those receiving Government assistance. The Company offers Medicaid-related solutions for low-income families and individuals, and assists state agencies in their administration of the Medicaid program. The Company operates through two segments: Health Plans segment and Molina Medicaid Solutions segment. The Companys Health Plans segment consists of health plans in around 11 states, and includes its direct delivery business. The Companys direct delivery business consists primarily of the management of a hospital in southern California, and the operation of primary care clinics in several states in which the Company operates. The Companys Molina Medicaid Solutions segment provides business processing and information technology development, and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, West Virginia, and the United States Virgin Islands, and drug rebate administration services in Florida.