Zacks Investment Research downgraded Molina Healthcare, Inc. (NYSE:MOH) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Molina Healthcare, Inc. (NYSE:MOH) to Hold in a report released on 10/3/2016.
Previously on 09/27/2016, Zacks Investment Research reported on Molina Healthcare, Inc. (NYSE:MOH) increased the target price from $0.00 to $64.00. At the time, this indicated a possible upside of 0.11%.
Yesterday Molina Healthcare, Inc. (NYSE:MOH) traded -2.73% lower at $58.32. The company’s 50-day moving average is $56.30 and its 200-day moving average is $55.11. The last closing price is up 2.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 436,662 shares of the stock traded hands, down from an average trading volume of 841,078
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Molina Healthcare, Inc. has a 52 week low of $44.50 and a 52 week high of $70.82 with a P/E ratio of 24.56 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $59.08 with 4 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 8 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Molina Healthcare, Inc. (NYSE:MOH)
Molina Healthcare, Inc. offers Medicaid-related solutions for low-income families and individuals, and assists government agencies in their administration of the Medicaid program. The Company operates through three segments: Health Plans, Molina Medicaid Solutions and Other. Its Health Plans segment consists of health plans in approximately 10 states and the Commonwealth of Puerto Rico, and its direct delivery business. Its direct delivery business consists of the operation of primary care clinics in various states in which it operates health plans. Its Molina Medicaid Solutions segment provides design, development, implementation (DDI) and business process outsourcing (BPO) solutions to state governments for their Medicaid management information systems (MMIS). The Other segment includes other businesses, such as its Pathways Health and Community Support LLC (Pathways) behavioral health and social services provider.
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