Todays Report: Today, Brokers Offer Predictions for Magellan Health Services Inc.’s Q1 2017 Earnings (MGLN)

Today, Brokers Offer Predictions for Magellan Health Services Inc.’s Q1 2017 Earnings (MGLN)

Magellan Health Services Inc. (NASDAQ:MGLN) – Research analysts at KeyCorp issued their Q1 2017 earnings per share (EPS) estimates for shares of Magellan Health Services in a report released on Tuesday. KeyCorp analyst J. Twizell forecasts that the firm will earn $0.68 per share for the quarter.

MGLN has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Magellan Health Services from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Jefferies Group restated a “buy” rating and issued a $76.00 price target (down from $86.00) on shares of Magellan Health Services in a research report on Monday, September 26th. Barclays PLC raised their price target on shares of Magellan Health Services from $61.00 to $69.00 and gave the stock an “underweight” rating in a research report on Wednesday. Leerink Swann restated a “hold” rating on shares of Magellan Health Services in a research report on Friday, August 12th. Finally, TheStreet downgraded shares of Magellan Health Services from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Magellan Health Services currently has an average rating of “Hold” and an average price target of $74.00.

Shares of Magellan Health Services (NASDAQ:MGLN) opened at 72.40 on Thursday. The firm has a 50 day moving average of $57.93 and a 200 day moving average of $60.91. The stock has a market cap of $1.68 billion, a P/E ratio of 25.31 and a beta of 0.48. Magellan Health Services has a one year low of $49.50 and a one year high of $72.40.

A number of hedge funds have recently modified their holdings of MGLN. Chicago Equity Partners LLC increased its stake in shares of Magellan Health Services by 30.2% in the second quarter. Chicago Equity Partners LLC now owns 35,940 shares of the company’s stock valued at $2,364,000 after buying an additional 8,330 shares in the last quarter. First Midwest Bank Trust Division increased its stake in shares of Magellan Health Services by 47.8% in the second quarter. First Midwest Bank Trust Division now owns 9,353 shares of the company’s stock valued at $615,000 after buying an additional 3,023 shares in the last quarter. Strs Ohio increased its stake in shares of Magellan Health Services by 4.4% in the second quarter. Strs Ohio now owns 16,500 shares of the company’s stock valued at $1,085,000 after buying an additional 700 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Magellan Health Services during the second quarter valued at $3,462,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Magellan Health Services during the second quarter valued at $3,593,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.

Magellan Health Services Company Profile

Related posts

Leave a Comment