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.

Investment analysts gave a few price targets for MGLN. The most optimistic analyst gave a price target of 91, implying potential capital gains of 15.63 percent. The lowest price target 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.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.2 percent. That number becomes -2.19 percent if we expand the time horizon to include the past 3 months instead of just one. 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.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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.

Analysts estimate earnings of MGLN to grow at a rate of 27.6 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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. Currently the stock is 58.99 percent higher than its low, and 7.09 percent lower than its 52-week 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.