Covidien PLC (COV): Today's Featured Health Services Laggard
(
) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Covidien fell $5.43 (-8.6%) to $57.41 on average volume. Throughout the day, 3,352,326 shares of Covidien exchanged hands as compared to its average daily volume of 2,893,500 shares. The stock ranged in price between $57.16-$58.09 after having opened the day at $57.63 as compared to the previous trading day's close of $62.84. Other companies within the Health Services industry that declined today were:
(
), down 61.1%,
(
), down 11.0%,
(
), down 6.7% and
(
), down 5.6%.
Covidien plc develops, manufactures, and sells healthcare products for use in clinical and home settings worldwide. Covidien has a market cap of $29.7 billion and is part of the health care sector. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. Shares are up 8.8% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Covidien a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Covidien
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Covidien Ratings Report.
On the positive front,
(
), up 19.3%,
(
), up 9.6%,
(
), up 8.5% and
Diversicare Healthcare Services
(
), up 8.0% , were all gainers within the health services industry with
(
) 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
(
) while those bearish on the health services industry could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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