Published On: Wed, Oct 19th, 2016

Magellan Health Services, Inc. (NASDAQ:MGLN) Updated Broker Ratings


A number of investment brokers have recently updated their price targets on shares of Magellan Health Services, Inc. (NASDAQ:MGLN).

Most recent broker ratings

09/26/2016 – Magellan Health Services, Inc. had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 76 price target on the stock.

06/29/2016 – KeyBanc began new coverage on Magellan Health Services, Inc. giving the company a “sector weight” rating.

03/01/2016 – Magellan Health Services, Inc. had its “underweight” rating reiterated by analysts at Barclays. They now have a USD 64 price target on the stock.

10/07/2015 – Magellan Health Services, Inc. had its “market perform” rating reiterated by analysts at Leerink Swann. They now have a USD 50 price target on the stock.

05/06/2015 – Magellan Health Services, Inc. was downgraded to “hold” by analysts at Zacks.

01/06/2015 – Magellan Health Services, Inc. had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 80 price target on the stock.

06/16/2014 – Magellan Health Services, Inc. was upgraded to “buy” by analysts at TheStreet.

04/21/2014 – Magellan Health Services, Inc. was upgraded to “buy” by analysts at Ned Davis Research.

The share price of Magellan Health Services, Inc. (NASDAQ:MGLN) was up +2.44% during the last day of trading, with a day high of 55.86. 234803 shares were traded during the last session.

The stock’s 50 day moving average is 54.23 and its 200 day moving average is 62.91. The stock’s market capitalization is 1.36B. Magellan Health Services, Inc. has a 52-week low of 45.40 and a 52-week high of 72.31.

Magellan Health, Inc. is engaged in the healthcare management business. The Company’s segments include Healthcare, Pharmacy Management and Corporate. It is focused on managing special populations, complete pharmacy benefits and other specialty areas of healthcare. Its Healthcare includes its management of behavioral healthcare services and employee assistance program (EAP) services, management of other specialty areas, including diagnostic imaging and musculoskeletal management, and the integrated management of physical, behavioral and pharmaceutical healthcare for special populations, delivered through Magellan Complete Care (MCC). Its Pharmacy Management segment consists of products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. Its Corporate segment consists primarily of operational support functions. It provides services to health plans and other managed care organizations (MCOs).