Covidien PLC (COV): Today's Featured Health Services Winner
(
) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.8%. By the end of trading, Covidien rose 48 cents (0.9%) to $53.49 on light volume. Throughout the day, 1.5 million shares of Covidien exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in a price between $53.05-$53.82 after having opened the day at $53.22 as compared to the previous trading day's close of $53.01. Other companies within the Health Services industry that increased today were:
(
), up 18.6%,
(
), up 13.1%,
NeuroMetrix
(
NUROD
), up 12.1%, and
TheStreet Recommends
(
), up 11.8%.
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 $25.69 billion and is part of the
sector. The company has a P/E ratio of 13.2, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Covidien a buy, one analyst rates it a sell, and two 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, growth in earnings per share, increase in net income, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Covidien Ratings Report.
On the negative front,
(
), down 13.7%,
(
), down 5.9%,
(
), down 5.5%, and
(
), down 5.4%, were all losers within the health services industry with
(
) being today's health services industry loser.
- 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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