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
) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Actavis fell $1.96 (-1.5%) to $128.08 on average volume. Throughout the day, 1,780,023 shares of Actavis exchanged hands as compared to its average daily volume of 1,546,300 shares. The stock ranged in price between $127.50-$129.77 after having opened the day at $129.11 as compared to the previous trading day's close of $130.04. Other companies within the Health Care sector that declined today were:
), down 19.7%,
), down 15.4%,
), down 15.4% and
), down 14.9%.
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Actavis, Inc., an integrated specialty pharmaceutical company, engages in developing, manufacturing, marketing, selling, and distributing generic, branded generic, brand, biosimilar, and over-the-counter pharmaceutical products worldwide. Actavis has a market cap of $16.6 billion and is part of the drugs industry. Shares are up 51.4% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Actavis a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates Actavis as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Actavis Ratings Report.
On the positive front,
), down 33.8%,
), down 18.1%,
), down 14.6% and
), down 12.6% , were all gainers within the health care sector with
) being today's featured health care sector leader.
- Use our health care section to find sector-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
) while those bearish on the health care sector could consider
- Find other investment ideas from our top rated ETFs lists.
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