Monthly Stock Report: Molina Healthcare Inc (MOH)
Publication Date: September 22, 2024
Company Overview
Molina Healthcare Inc (MOH), founded in 1980 and headquartered in Long Beach, California, is a leader in the managed healthcare industry. The company focuses on providing vital healthcare services to low-income families and individuals through Medicaid, Medicare, and state insurance marketplaces. Operating across four primary segments—Medicaid, Medicare, Marketplace, and Other—Molina serves clients in 19 states, significantly impacting the delivery of healthcare solutions to underserved communities.
Current Performance and Market Outlook
The healthcare plans industry currently exhibits stable performance, with a recommendation to hold for investors. Molina Healthcare has demonstrated robust financial health, reporting a significant total revenue of approximately $36.08 billion. The stock is currently trading at $351.42, positioned between a fifty-two week high of $423.92 and a low of $282.96. Analysts have set a target high price of $406.00, indicating a potential appreciation of about 15.5% from the present trading level, while the target mean price stands at $372.65, reflecting moderate bullish sentiment. Investor sentiment appears cautiously optimistic, with only 2.66% of the float being shorted, suggesting confidence in Molina’s ability to maintain its market position and foster growth.
Analyst Insights and Recommendations
Analysts have collectively established a trading range for Molina Healthcare’s stock, with a target low price of $335.00 complementing the high target of $406.00. The average recommendation score sits at 2.6, suggesting a cautious approach amidst the current market conditions. The stock’s performance reflects resilience, currently surpassing the fifty-day moving average of $334.46, indicating a bullish trend. Notably, the lack of detailed information regarding EBITDA represents a gap in financial analysis that could affect a comprehensive evaluation of profitability. Overall, investors are advised to maintain their positions, closely monitoring market metrics and trends to inform future decisions.
| Metric | Value |
|---|---|
| Market Cap | $20.6b |
| Total Debt | $2.4b |
| Total Cash | $8.7b |
| Shares Outstanding | 58.6m |
| Float Shares | 57.9m |
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