NYSE:MOHHealthcare
Molina Healthcare (MOH) Stock Looks Expensive On Illinois Contract Win
Molina Healthcare's stock has rallied strongly in the short term, yet the longer three year return is still deeply negative and the broader valuation checks lean expensive. This raises the question of how much of the Illinois Medicaid contract win is already reflected in the current price.
Over the past three years, Molina Healthcare shares have declined 29.2%, which suggests that the recent strength is working off a weak longer term base rather than building on steady gains.
The newly...