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.

MGLN was given price targets by several analysts. The maximum price target given was 91, which equates to a potential upside of 15.63 percent. The minimum price target given was 69, which equates to a potential downside 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. That number becomes -2.19 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -3.8 percent. If we look at the last 90 days instead, we find a net average change of 1.86 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

MGLN has an estimated earnings growth rate of 27.6 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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 traded between a high of 84.71 and a low of 49.50 over the past year. 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 stock has a market capitalization of $1.88 billion. MGLN is estimated to release their earnings results for the quarter on 0000-00-00, days from today.