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 Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day down 0.9%. By the end of trading, Medtronic fell $0.91 (-1.7%) to $51.58 on average volume. Throughout the day, 6,390,574 shares of Medtronic exchanged hands as compared to its average daily volume of 4,798,500 shares. The stock ranged in price between $51.19-$52.23 after having opened the day at $52.10 as compared to the previous trading day's close of $52.49. Other companies within the Health Services industry that declined today were:
), down 64.2%,
), down 10.6%,
), down 9.0% and
), down 8.1%.
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Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $51.9 billion and is part of the health care sector. The company has a P/E ratio of 15.2, below the S&P 500 P/E ratio of 17.7. Shares are up 28.0% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Medtronic a buy, no analysts rate it a sell, and 13 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Medtronic Ratings Report.
On the positive front,
), down 67.3%,
), down 17.9%,
), down 9.1% and
), down 6.3% , were all gainers within the health services industry with
) being today's featured health services industry leader.
- 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
) while those bearish on the health services industry could consider
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