Medtronic Inc. (MDT): Today's Featured Health Services Laggard

Medtronic (MDT) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Medtronic fell 22 cents (-0.6%) to $38.81 on average volume. Throughout the day, 4.4 million shares of Medtronic exchanged hands as compared to its average daily volume of 4.7 million shares. The stock ranged in price between $38.64-$39.06 after having opened the day at $38.93 as compared to the previous trading day's close of $39.03. Other company's within the Health Services industry that declined today were: BSD Medical Corporation (BSDM), down 12.6%, Escalon Medical Corporation (ESMC), down 8.4%, Navidea Biopharmaceuticals (NAVB), down 7.9%, and Conceptus (CPTS), down 7.6%.

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Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $38.5 billion and is part of the health care sector. The company has a P/E ratio of 11.7, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Medtronic a buy, one analyst rates it a sell, and 11 rate it a hold.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

• You can view the full Medtronic Ratings Report.

On the positive front, CombiMatrix Corporation (CBMX), up 17.4%, Kips Bay Medical (KIPS), up 16.5%, American Caresource Holdings (ANCI), up 12.8%, and Alliance HealthCare Services (AIQ), up 10.8%, were all gainers within the health services industry with DaVita (DVA) being today's featured health services industry leader.

• Use our health services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR (XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care (RXD).

• Find other investment ideas from our top rated ETFs lists.

For more information on Medtronic Inc. click any of the following:

• Medtronic Inc. Stock Price

• Medtronic Inc. Analyst Ratings

• Medtronic Inc. Key Stats & Profile

• Medtronic Inc. Earnings

• Medtronic Inc. Ratio Comparison

• Medtronic Inc. Growth Rates

• Medtronic Inc. Balance Sheet

• Medtronic Inc. Cash Flow

• Medtronic Inc. Income Statement