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5 Drugs Stocks Dragging The Industry Down

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 3 points (0.0%) at 16,165 as of Thursday, Dec. 19, 2013, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,090 issues advancing vs. 1,843 declining with 148 unchanged.

The Drugs industry currently sits up 0.5% versus the S&P 500, which is down 0.2%. A company within the industry that fell today was Valeant Pharmaceuticals International ( VRX), up 1.1%. A company within the industry that increased today was Novo Nordisk A/S ( NVO), up 2.1%.

TheStreet would like to highlight 5 stocks pushing the industry lower today:

5. Perrigo Company ( PRGO) is one of the companies pushing the Drugs industry lower today. As of noon trading, Perrigo Company is down $4.48 (-2.9%) to $151.07 on average volume. Thus far, 773,870 shares of Perrigo Company exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $150.63-$155.55 after having opened the day at $155.31 as compared to the previous trading day's close of $155.55.

Perrigo Company, through its subsidiaries, develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, and active pharmaceutical ingredients (API). Perrigo Company has a market cap of $14.5 billion and is part of the health care sector. The company has a P/E ratio of 32.3, above the S&P 500 P/E ratio of 17.7. Shares are up 49.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Perrigo Company a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Perrigo Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Perrigo Company Ratings Report now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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