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
NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $49.42, above its previous 52-week high of $49.40 with 7,164 shares traded as of 9:31 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Coventry Health Care has a market cap of $6.55 billion and is part of the health care sector and health services industry. Shares are up 8.5% year to date as of the close of trading on Wednesday.
Coventry Health Care, Inc. operates as a managed healthcare company in the United States. The company's Commercial Products segment provides health plan commercial risk, commercial management services, Medicare Advantage Coordinated Care Plans (Medicare Advantage CCP), and Medicaid products. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Coventry Health Care as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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