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MGLN

Magellan Health

$68.90

0.8 (1.17%)

06:38
11/22/16
11/22
06:38
11/22/16
06:38

Magellan Health sees FY17 adjusted EPS $5.19-$6.12, consensus $3.54

Sees FY17 revenue $5.8B-$6.1B, consensus $5.22B. The company expects cash flow from operations $186M-$220M. The company said, "The acquisition of Veridicus is expected to close before the end of this year and is estimated to generate net revenues of approximately $220M and segment profit of $9M during 2017. This expectation is included in our overall 2017 guidance. We expect the 2017 impact of Veridicus to be dilutive by 11c on EPS and accretive by 12c on adjusted EPS."

  • 22

    Nov

MGLN Magellan Health
$68.90

0.8 (1.17%)

01/06/16
01/06/16
DOWNGRADE

On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Capital Mortgage (MTGE) downgraded to Neutral at Credit Suisse... AmerisourceBergen (ABC) downgraded to Market Perform from Outperform at Raymond James... Apple (AAPL) downgraded to Neutral from Buy at Rosenblatt... Becton Dickinson (BDX) downgraded to Hold from Buy at Evercore ISI... CBL & Associates (CBL) downgraded to Neutral from Buy at Goldman... Cardinal Health (CAH) downgraded to Market Perform from Outperform at Raymond James... Check Point (CHKP) downgraded to Underweight from Equal Weight at Barclays... Choice Hotels (CHH) downgraded to Underweight from Neutral at JPMorgan... Community Health (CYH) downgraded to Underperform at Raymond James... Cornerstone OnDemand (CSOD) downgraded to Underweight from Overweight at Barclays... Demandware (DWRE) downgraded to Equal Weight from Overweight at Barclays... Fortune Brands (FBHS) downgraded to Neutral from Outperform at Macquarie... HCA Holdings (HCA) downgraded to Market Perform from Outperform at Leerink... HCP (HCP) downgraded to Underweight from Equal Weight at Barclays... HSBC (HSBC) downgraded to Underweight from Neutral at JPMorgan... Hyatt (H) downgraded to Neutral from Overweight at JPMorgan... Karyopharm (KPTI) downgraded to Hold from Buy at Jefferies... Magellan Health (MGLN) downgraded to Underweight from Equal Weight at Barclays... Masimo (MASI) downgraded to Outperform from Strong Buy at Raymond James... McKesson (MCK) downgraded to Outperform from Strong Buy at Raymond James... PNC Financial (PNC) downgraded to Neutral from Buy at Nomura... Publicis (PUBGY) downgraded to Underperform from Neutral at Exane BNP Paribas... Qlik Technologies (QLIK) downgraded to Sector Weight from Overweight at Pacific Crest... Ring Energy (REI) downgraded to Market Perform from Outperform at FBR Capital... Rite Aid (RAD) downgraded to Hold from Buy at Evercore ISI... Rush Enterprises (RUSHA) downgraded to Neutral from Buy at Longbow... Smith & Wesson (SWHC) downgraded to Neutral from Outperform at Wedbush... Stone Energy (SGY) downgraded to Market Perform from Outperform at FBR Capital... Stonegate Mortgage (SGM) downgraded to Neutral from Outperform at Credit Suisse... Teradata (TDC) downgraded to Underweight from Equal Weight at Barclays... Tyco (TYC) downgraded to Sector Perform from Outperform at RBC Capital... UniCredit (UNCFF) downgraded to Underweight from Neutral at JPMorgan... United Technologies (UTX) downgraded to Neutral from Buy at Sterne Agee CRT... Vanguard Natural (VNR) downgraded to Neutral from Overweight at JPMorgan... WESCO (WCC) downgraded to Sector Perform from Outperform at RBC Capital... Workday (WDAY) downgraded to Equal Weight from Overweight at Barclays.
06/03/16
LEER
06/03/16
NO CHANGE
Target $60
LEER
Market Perform
Magellan Health price target raised to $60 from $50 at Leerink
Leerink analyst Ana Gupte raised her price target for Magellan Health to $60 from $50 after a good quarter with a "meaningful" top and bottom line beat. While contract loss in Healthcare remains a downside risk, the company's Pharmacy segment is an offset with less risk to earnings achievability, the analyst tells investors in a research note, adding that the purchase of the Armed Forces Services Corporation Business also offers upside in 2016 and into 2017. Gupte reiterates a Market Perform on the shares.
06/29/16
KEYB
06/29/16
INITIATION
KEYB
Sector Weight
Magellan Health initiated with a Sector Weight at KeyBanc
09/26/16
JEFF
09/26/16
NO CHANGE
Target $76
JEFF
Buy
Magellan Health shares have 40% upside, says Jefferies
Jefferies analyst David Styblo views Magellan Health as "significantly undervalued" following the stock's 25% pullback since late July. The biggest investor concern centers on the steeper than usual earnings ramp in the second half of the year in order to achieve guidance, Styblo tells investors in a research note. He believes Magellan will achieve its guidance and sees 40% upside in the shares. The analyst lowered his price target for Magellan to $76 from $86 and keeps a Buy rating on the shares.

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