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Varian Medical Systems Inc. (VAR): Today's Featured Health Services Winner

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.

Varian Medical Systems ( VAR) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole was unchanged today. By the end of trading, Varian Medical Systems rose 75 cents (1.1%) to $70.13 on average volume. Throughout the day, 935,837 shares of Varian Medical Systems exchanged hands as compared to its average daily volume of one million shares. The stock ranged in a price between $69.23-$70.43 after having opened the day at $69.23 as compared to the previous trading day's close of $69.38. Other companies within the Health Services industry that increased today were: Cynosure ( CYNO), up 10.7%, Young Innovations ( YDNT), up 9.5%, SunLink Health Systems ( SSY), up 8.9%, and BG Medicine ( BGMD), up 6.4%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Varian Medical Systems, Inc. designs, manufactures, sells, and services equipment and software products for treating cancer with radiotherapy, stereotactic radiotherapy, stereotactic body radiotherapy, stereotactic radiosurgery, and brachytherapy worldwide. Varian Medical Systems has a market cap of $7.57 billion and is part of the health care sector. The company has a P/E ratio of 18.4, above the S&P 500 P/E ratio of 17.7. Shares are up 3.4% year to date as of the close of trading on Monday. Currently there are eight analysts that rate Varian Medical Systems a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Varian Medical Systems as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Electromed ( ELMD), down 14.3%, Alphatec Holdings ( ATEC), down 10.3%, Oculus Innovative ( OCLS), down 10.1%, and Retractable Technologies ( RVP), down 9.2%, were all laggards within the health services industry with Align Technology ( ALGN) being today's health services industry laggard.

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).

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