) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day down 1%. By the end of trading, Medtronic Inc fell 27 cents (-0.8%) to $33.68 on light volume. Throughout the day, 2.4 million shares of Medtronic Inc exchanged hands as compared to its average daily volume of 6.2 million shares. The stock ranged in price between $33.62-$34.16 after having opened the day at $33.88 as compared to the previous trading day's close of $33.95. Other company's within the Health Services industry that declined today were:
), down 13.3%,
), down 10.4%,
), down 10.4%, and
), down 10%.
Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic Inc has a market cap of $36.7 billion and is part of the
sector. The company has a P/E ratio of 11.8, below the average health services industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 8.5% year to date as of the close of trading on Wednesday.
TheStreet Ratings rates Medtronic as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, growth in earnings per share and expanding profit margins. 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,
), up 13.5%,
), up 7.2%,
), up 6.7%, and
), up 6.5%, 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
) while those bearish on the health services industry could consider
- Find other investment ideas from our top rated ETFs lists.