Magellan Health Services (MGLN) Scheduled to Post Quarterly Earnings on Monday
Magellan Health Services (NASDAQ:MGLN) is scheduled to issue its Q413 quarterly earnings data on Monday, March 3rd. Analysts expect the company to announce earnings of $0.83 per share and revenue of $990.55 million for the quarter.
Shares of Magellan Health Services (NASDAQ:MGLN) opened at 60.69 on Friday. Magellan Health Services has a one year low of $46.00 and a one year high of $62.00. The stock has a 50-day moving average of $59.72 and a 200-day moving average of $59.29. The company has a market cap of $1.643 billion and a price-to-earnings ratio of 11.64.
Several analysts have recently commented on the stock. Analysts at Leerink Swann initiated coverage on shares of Magellan Health Services in a research note on Thursday. They set a “market perform” rating and a $65.00 price target on the stock. On a related note, analysts at Zacks upgraded shares of Magellan Health Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 18th. They now have a $60.90 price target on the stock. Finally, analysts at Barclays downgraded shares of Magellan Health Services from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 8th. They now have a $66.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $60.82.
Magellan Health Services Inc, is engaged in the specialty managed healthcare business. The Company provides services to health plans, insurance companies, employers, labor unions and various governmental agencies.
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