Covidien Ltd. (COV): Today's Featured Health Services Loser
(
) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day down 0.2%. By the end of trading, Covidien fell 68 cents (-1.5%) to $43.79 on light volume. Throughout the day, 2.4 million shares of Covidien exchanged hands as compared to its average daily volume of 4.1 million shares. The stock ranged in price between $43.79-$44.69 after having opened the day at $44.69 as compared to the previous trading day's close of $44.47. Other company's within the Health Services industry that declined today were:
(
), down 13.8%,
(
), down 10.1%,
Spherix Inc
(
SPEXD
), down 8%, and
(
), down 8%.
Covidien Public Limited Company develops, manufactures, and sells healthcare products for use in clinical and home settings in the United States and internationally. Covidien has a market cap of $21.96 billion and is part of the
sector. The company has a P/E ratio of 11.3, below the average health services industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7. Shares are down 2.6% year to date as of the close of trading on Monday.
TheStreet Ratings rates Covidien as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, expanding profit margins, solid stock price performance and increase in net income. 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 Covidien Ratings Report.
On the positive front,
(
), up 14.3%,
(
), up 12.4%,
(
), up 12.1%, and
American Caresource Holdings Inc
(
), up 10%, were all gainers within the health services industry with
(
) being today's featured health services industry winner.
- 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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