Stock To Watch: Magellan Health, Inc. (NASDAQ:MGLN)


The leading market experts have placed a mean price target of $70.50 on Magellan Health, Inc. (NASDAQ:MGLN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.73 a share for the upcoming quarter and $2.84 for the current fiscal. Technical View The technical analysis of Magellan Health, Inc. plainly substantiates that the 50-day moving average of Magellan Health, Inc. is $66.04, and stock is hovering 2.85 or +4.32% distant from $66.04. It is noted that the 200-day MA is $64.03, and Magellan Health, Inc. stock is $4.86 or +7.59% off from this point. Magellan Health, Inc. (NASDAQ:MGLN) 52-week high is $71.88 and the 52-week low is $45.40. This explains if the stock moves $-2.99, it will post a 52-week high. In event of $+51.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Magellan Health, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Magellan Health, Inc. (NASDAQ:MGLN) ratio came in at 47.12. The stock last ended the trading session at $68.89 and registered a market cap of $1.71B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Magellan Health, Inc. (NASDAQ:MGLN) PEG ratio is at -18.62.

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