Jefferies Maintains Molina Healthcare to Buy with Price Target $63.00

Brokerage firm Jefferies Maintains its rating on Molina Healthcare(NYSE:MOH). In a research note issued to the investors, the brokerage major Lowers the price-target to $63.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Jul 28, 2016.

In a different note, On May 4, 2016, Goldman Sachs said it Downgrades its rating on Molina Healthcare. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Sell’ by the firm. On May 2, 2016, Leerink Swann said it Maintains its rating on Molina Healthcare. In the research note, the firm Lowers the price-target to $105.00 per share. The shares have been rated ‘Outperform’ by the firm.

Molina Healthcare (MOH) shares turned negative on Thursdays trading session with the shares closing down -0.57 points or -0.97% at a volume of 7,68,325. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $58.85. The peak price level was also seen at $58.85 while the days lowest was $57.87. Finally the shares closed at $58. The 52-week high of the shares is $82.37 while the 52-week low is $44.5. According to the latest information available, the market cap of the company is $3,294 M.

Molina Healthcare(MOH) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.36B. Analysts had an estimated revenue of $4.35B. Earnings per share were $0.67. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Apr 12, 2016, Ronna Romney (director) sold 250 shares at $62.80 per share price.Also, On Mar 22, 2016, John C Molina (CFO) sold 19,678 shares at $63.56 per share price.On Mar 7, 2016, Steven J Orlando (director) sold 2,500 shares at $63.54 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s Health Plans segment consists of health plans in around 11 states and includes its direct delivery business. The Company’s 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 Company’s 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.

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