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

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.

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 0.3%. By the end of trading, Medtronic fell 53 cents (-1.1%) to $45.42 on average volume. Throughout the day, 6.3 million shares of Medtronic exchanged hands as compared to its average daily volume of 4.5 million shares. The stock ranged in price between $45.42-$45.96 after having opened the day at $45.80 as compared to the previous trading day's close of $45.95. Other companies within the Health Services industry that declined today were: SunLink Health Systems (SSY), down 11.8%, Navidea Biopharmaceuticals (NAVB), down 8.3%, Unilife Corporation (UNIS), down 8%, and Kips Bay Medical (KIPS), down 7.3%.

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Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $46.5 billion and is part of the health care sector. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. Shares are up 12% year to date as of the close of trading on Thursday. Currently there are eight analysts that rate Medtronic a buy, no analysts rate it a sell, and 10 rate it a hold.

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

On the positive front, Retractable Technologies (RVP), up 10.5%, Providence Service Corporation (PRSC), up 7.9%, Ironwood Pharmaceuticals (IRWD), up 6.6%, and Palomar Medical Technologies (PMTI), up 5.2%, were all gainers within the health services industry with Mindray Medical International (MR) being today's featured health services industry leader.

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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