Molina Healthcare Inc (MOH) : The consensus on Molina Healthcare Inc (MOH) based on 13 analyst recommendation on the company stock is 2.31, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Molina Healthcare Inc (MOH).
Molina Healthcare Inc (MOH) : Currently there are 11 street experts covering Molina Healthcare Inc (MOH) stock. The most bullish and bearish price target for the stock is $75 and $50 respectively for the short term. The average price target of all the analysts comes to $62.18. The estimated standard deviation from the target is $8.1.
Company shares have received an average consensus rating of Hold for the current week
Molina Healthcare Inc (NYSE:MOH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.88 and $56.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.57, notching a gain of 2.72% for the day. The total traded volume was 1,228,903 . The stock had closed at $57.02 on the previous day.
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.