Research analysts at Susquehanna hoisted their price target on shares of Molina Healthcare (NYSE: MOH) from $40.00 to $45.00 in a report released on Friday, AnalystRatings.Net reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target suggests a potential upside of 16.07% from the stock’s previous close.
Molina Healthcare (NYSE: MOH) traded up 0.10% on Friday, hitting $38.77. Molina Healthcare has a 1-year low of $21.62 and a 1-year high of $39.49. The stock’s 50-day moving average is currently $37.50. The company has a market cap of $1.761 billion and a price-to-earnings ratio of 85.31.
Molina Healthcare (NYSE: MOH) last announced its earnings results on Thursday, April 25th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.39. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company posted $0.39 earnings per share. Molina Healthcare’s revenue was up 15.8% compared to the same quarter last year. Molina Healthcare has set its FY13 guidance at $1.55 EPS. Analysts expect that Molina Healthcare will post $1.61 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MOH. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Molina Healthcare in a research note to investors on Friday, July 5th. Separately, analysts at Citigroup Inc. cut their price target on shares of Molina Healthcare from $51.00 to $47.00 in a research note to investors on Monday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Molina Healthcare from $31.00 to $33.00 in a research note to investors on Friday, April 26th. They now have a “hold” rating on the stock.
Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Molina Healthcare currently has a consensus rating of “Hold” and a consensus target price of $35.44.
Molina Healthcare, Inc provides medicaid-related solutions. The Company operates in two segments: Health Plans and Molina Medicaid Solutions.