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Magellan Health Services (NASDAQ:MGLN) was upgraded by equities research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, American Banking reports.

A number of other firms have also recently commented on MGLN. Analysts at TheStreet downgraded shares of Magellan Health Services from a “buy” rating to a “hold” rating in a research note on Monday, April 7th. Separately, analysts at Leerink Swann initiated coverage on shares of Magellan Health Services in a research note on Thursday, February 27th. They set a “market perform” rating and a $65.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.82.

Shares of Magellan Health Services (NASDAQ:MGLN) traded down 0.05% during mid-day trading on Monday, hitting $54.78. The stock had a trading volume of 81,506 shares. Magellan Health Services has a one year low of $48.57 and a one year high of $62.00. The stock has a 50-day moving average of $58.33 and a 200-day moving average of $59.33. The company has a market cap of $1.505 billion and a price-to-earnings ratio of 12.10.

Magellan Health Services (NASDAQ:MGLN) last released its earnings data on Monday, March 3rd. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.83 by $0.16. The company had revenue of $1.01 million for the quarter, compared to the consensus estimate of $990.55 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts predict that Magellan Health Services will post $2.53 earnings per share for the current fiscal year.

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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