TheStreet Ratings group would like to highlight 4 stocks pushing the health services industry higher today, Nov. 15, 2012.Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 797 issues advancing vs. 2,184 declining with 91 unchanged. The Health Services industry currently sits down 0.7% versus the S&P 500, which is down 0.4%. Top gainers within the industry include Cigna ( CI), up 1.8%, and Express Scripts ( ESRX), up 0.7%. On the negative front, top decliners within the industry include Mindray Medical International ( MR), down 2.2%, Cooper Companies ( COO), down 1.3%, HCA Holdings ( HCA), down 1.0% and Thermo Fisher Scientific ( TMO), down 0.8%. TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today: 4. Health Net ( HNT) is one of the companies pushing the Health Services industry higher today. As of noon trading, Health Net is up $0.73 (3.1%) to $24.58 on average volume Thus far, 391,752 shares of Health Net exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $23.80-$24.63 after having opened the day at $23.80 as compared to the previous trading day's close of $23.85. Health Net, Inc., through its subsidiaries, provides managed health care services. Health Net has a market cap of $2.0 billion and is part of the health care sector. The company has a P/E ratio of 30.6, above the S&P 500 P/E ratio of 17.7. Shares are down 18.4% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Health Net a buy, 3 analysts rate it a sell, and 11 rate it a hold. TheStreet Ratings rates Health Net as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. Get the full Health Net Ratings Report now.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts