Forest Laboratories Inc. (FRX): Today's Featured Drugs Winner
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 Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day down 0.6%. By the end of trading, Forest Laboratories rose 38 cents (1.1%) to $35.04 on heavy volume. Throughout the day, 3.4 million shares of Forest Laboratories exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in a price between $34.55-$35.45 after having opened the day at $34.66 as compared to the previous trading day's close of $34.66. Other companies within the Drugs industry that increased today were:
(
), up 21.7%,
(
), up 14.3%,
(
), up 10.6%, and
(
), up 9.6%.
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Forest Laboratories, Inc. develops, manufactures, and sells branded forms of ethical drug products primarily in the United States and Europe. Forest Laboratories has a market cap of $9.23 billion and is part of the
sector. The company has a P/E ratio of 12.1, equal to the average drugs industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 14.8% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Forest Laboratories a buy, two analysts rate it a sell, and 14 rate it a hold.
TheStreet Ratings rates Forest Laboratories as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
- You can view the full Forest Ratings Report.
On the negative front,
(
), down 16.6%,
(
), down 10.5%,
(
), down 9.9%, and
(
), down 9.2%, were all laggards within the drugs industry with
(
) being today's drugs industry laggard.
- Use our drugs 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 drugs industry could consider
(
) while those bearish on the drugs industry could consider
ProShares UltraShort Nasdaq Biotech
(
).
- Find other investment ideas from our top rated ETFs lists.
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