Analyst Ratings for Magellan Health Inc. (MGLN)

Updated: 2017-07-27

Shares of Magellan Health Inc. (NASDAQ:MGLN) have received a consensus rating of Hold from Wall Street analysts. A consensus rating of Hold was previously issued for MGLN last month.

2 analysts declared MGLN a buy, 0 gave an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Many analysts weighed in on price targets for MGLN. The most optimistic analyst gave a price target of 91, implying potential capital gains of 15.63 percent. The most pessimistic analyst gave a price target of 69, implying a possible loss of -12.33 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -6.2 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -2.19 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -3.8 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 1.86 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

MGLN has an estimated earnings growth rate of 27.6 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. MGLN has a PEG ratio of 0.82.

MGLN has a 52-week high of 84.71 and a 52-week low of 49.50. Today's price is 58.99 percent above the 52-week low, and 7.09 percent below the high. MGLN has a price/earnings ratio of 22.7. Investors typically compare the P/E ratio to a company's peers in the industry. The MGLN value stock report compares MGLN to some of its peers using value stock charts. The market cap of MGLN is $1.88 billion. MGLN's next earnings release will be on 0000-00-00, which is days away.