WellPoint Inc (WLP): Today's Featured Health Services Laggard
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 0.1%. By the end of trading, WellPoint fell $0.88 (-1.2%) to $72.87 on average volume. Throughout the day, 1,801,662 shares of WellPoint exchanged hands as compared to its average daily volume of 2,047,500 shares. The stock ranged in price between $72.38-$74.21 after having opened the day at $73.43 as compared to the previous trading day's close of $73.75. Other companies within the Health Services industry that declined today were:
(
), down 12.2%,
(
), down 11.9%,
(
), down 7.9% and
Arrhythmia Research Technology
(
), down 6.8%.
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WellPoint, Inc., a health benefits company, through its subsidiaries, offers network-based managed care plans to large and small employer, individual, Medicaid, and senior markets in the United States. The company operates through three segments: Commercial, Consumer, and Other. WellPoint has a market cap of $22.1 billion and is part of the health care sector. The company has a P/E ratio of 8.6, below the S&P 500 P/E ratio of 17.7. Shares are up 21.1% year to date as of the close of trading on Thursday.
TheStreet Ratings rates WellPoint as a
. 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, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full WellPoint Ratings Report.
On the positive front,
(
), down 13.2%,
(
), down 11.1%,
(
), down 11.0% and
(
), down 9.8% , 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
Health Care Select Sector SPDR
(
) while those bearish on the health services industry could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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