Why Molina Healthcare Inc (NYSE:MOH) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $59.14 on Molina Healthcare Inc (NYSE:MOH) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.62 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Molina Healthcare Inc (NYSE:MOH) stands at 20.90. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Molina Healthcare Inc Common St, the PEG ratio for coming 3-5 years is 1.09. Technical Analysis The technical analysis highlights that Molina Healthcare Inc Common St current price is trading $2.49 points away +5.14% from $48.52, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $57.30 and, for now, the stock price is trading $-6.29 or -10.98% away from that point. The 52-week high of Molina Healthcare Inc (NYSE:MOH) was $82.37 while lowest point recorded in 52-week was $44.50. It implies if stock price makes a movement of over $-31.36, it will record a new 52-week high. In the case of $+14.63% points drop, it will touch a new 52-week low.

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