Wells Fargo Starts Molina Healthcare (MOH) at Market Perform, Federal Budget Pressure
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Price: $37.76 -1.18%
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
2 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MOH Now!
Wells Fargo initiates coverage on shares of Molina Healthcare (NYSE: MOH) with a Market Perform rating and a $36 to $39 valuation range.
The firm believes that in the near term the company needs to cope with potentially slowing rates from states that seem likely to lose the temporary extra funding from the federal government. It also sees slowing enrollment growth may partially offset potential new membership from winning new state Medicaid managed care contracts over the next two years.
Wells Fargo's 2011 and 2012 EPS estimates are set at $2.29 and $2.57 while its revenue estimates are $4,628 million and $5,088 million.
For more ratings news on Molina Healthcare click here and for the rating history of Molina Healthcare click here.
Shares of Molina Healthcare closed at $39.22 yesterday, with a 52 week range of $24.65-$41.65.
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The firm believes that in the near term the company needs to cope with potentially slowing rates from states that seem likely to lose the temporary extra funding from the federal government. It also sees slowing enrollment growth may partially offset potential new membership from winning new state Medicaid managed care contracts over the next two years.
Wells Fargo's 2011 and 2012 EPS estimates are set at $2.29 and $2.57 while its revenue estimates are $4,628 million and $5,088 million.
For more ratings news on Molina Healthcare click here and for the rating history of Molina Healthcare click here.
Shares of Molina Healthcare closed at $39.22 yesterday, with a 52 week range of $24.65-$41.65.
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