Molina Healthcare Inc (MOH) has an average broker rating of 2.31, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.
Molina Healthcare Inc (MOH) : The consensus price target for Molina Healthcare Inc (MOH) is $62.09 for the short term with a standard deviation of $8.48. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $75, however, the pessimist price target for the company is $50.
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 $48.11 and $47.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.67, notching a gain of 0.89% for the day. The total traded volume was 1,729,464 . The stock had closed at $48.24 on the previous day.
Also, In the latest statement by the brokerage house, Goldman Sachs downgrades its outlook on Molina Healthcare Inc (NYSE:MOH). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm lowers the price target from $75 per share to $45 per share. The rating by the firm was issued on May 4, 2016. The company shares have dropped -28.57% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $82.37 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $49.52 and the 200 Day Moving Average price is recorded at $56.52.
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.