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 up 0.4%. By the end of trading, St Jude Medical fell $0.46 (-1.1%) to $41.22 on light volume. Throughout the day, 1,783,599 shares of St Jude Medical exchanged hands as compared to its average daily volume of 2,816,200 shares. The stock ranged in price between $40.96-$41.68 after having opened the day at $41.56 as compared to the previous trading day's close of $41.68. Other companies within the Health Services industry that declined today were:
), down 6.7%,
), down 6.5%,
), down 5.6% and
), down 5.0%.
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St. Jude Medical, Inc. develops, manufactures, and distributes cardiovascular and implantable neurostimulation medical devices worldwide. It operates in two divisions, Cardiovascular and Ablation Technologies, and Implantable Electronic Systems. St Jude Medical has a market cap of $11.7 billion and is part of the health care sector. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Shares are up 13.4% year to date as of the close of trading on Monday.
TheStreet Ratings rates St Jude Medical as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity, attractive valuation levels, increase in stock price during the past year and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full St Jude Medical Ratings Report.
On the positive front,
), down 13.8%,
), down 7.8%,
), down 7.5% and
), down 7.3% , 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.
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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.
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