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 lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 1.7%. By the end of trading, Health Net fell $0.35 (-1.1%) to $32.87 on average volume. Throughout the day, 987,701 shares of Health Net exchanged hands as compared to its average daily volume of 1,062,800 shares. The stock ranged in price between $32.84-$33.65 after having opened the day at $33.16 as compared to the previous trading day's close of $33.22. Other companies within the Health Care sector that declined today were:
), down 9.4%,
), down 9.1%,
), down 8.8% and
), down 7.4%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
Health Net, Inc., through its subsidiaries, provides managed health care services. Health Net has a market cap of $2.7 billion and is part of the health services industry. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. Shares are up 12.0% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate Health Net a buy, 2 analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Health Net Ratings Report.
On the positive front,
), up 20.9%,
), up 17.0%,
), up 16.7% and
), up 14.0% , were all gainers within the health care sector with
) being today's featured health care sector leader.
- Use our health care section to find sector-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 care sector could consider
) while those bearish on the health care sector could consider
- Find other investment ideas from our top rated ETFs lists.