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.
) pushed the Health Care sector higher today making it today's featured health care winner. The sector as a whole closed the day up 0.1%. By the end of trading, Allergan rose $2.63 (2.6%) to $103.76 on heavy volume. Throughout the day, 5,668,859 shares of Allergan exchanged hands as compared to its average daily volume of 2,031,900 shares. The stock ranged in a price between $100.46-$106.56 after having opened the day at $100.88 as compared to the previous trading day's close of $101.13. Other companies within the Health Care sector that increased today were:
), up 62.8%,
), up 35.0%,
), up 18.5% and
), up 12.3%.
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Allergan, Inc. operates as a multi-specialty healthcare company primarily in the United States, Europe, Latin America, and the Asia Pacific. Allergan has a market cap of $29.4 billion and is part of the drugs industry. The company has a P/E ratio of 23.4, above the S&P 500 P/E ratio of 17.7. Shares are up 10.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Allergan a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. 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, impressive record of earnings per share growth, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Allergan Ratings Report.
On the negative front,
), down 20.0%,
), down 8.9%,
), down 8.7% and
), down 7.1% , were all laggards within the health care sector with
) being today's health care sector laggard.
- 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.