) 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, Watson Pharmaceuticals rose 70 cents (1%) to $71.72 on heavy volume. Throughout the day, 3.7 million shares of Watson Pharmaceuticals exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in a price between $71.38-$73.30 after having opened the day at $72.36 as compared to the previous trading day's close of $71.02. Other companies within the Drugs industry that increased today were:
), up 26.8%,
), up 20.7%,
), up 18%, and
), up 16.4%.
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Watson Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, marketing, sale, and distribution of generic and brand pharmaceutical products in the United States, western Europe, Canada, Australasia, Asia, South America, and South Africa. Watson Pharmaceuticals has a market cap of $8.86 billion and is part of the
sector. The company has a P/E ratio of 32.6, above the average drugs industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 15.2% year to date as of the close of trading on Friday. Currently there are 15 analysts that rate Watson Pharmaceuticals a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Watson Pharmaceuticals as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Watson Ratings Report.
On the negative front,
), down 59%,
), down 22.4%,
), down 15.4%, and
), down 11.6%, were all losers within the drugs industry with
) being today's drugs industry loser.
- Use our drugs 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 drugs industry could consider
) while those bearish on the drugs industry could consider
- Find other investment ideas from our top rated ETFs lists.