WellPoint Inc (WLP): Today's Featured Health Services Loser
(
) pushed the Health Services industry lower today making it today's featured Health Services loser. The industry as a whole closed the day down 1.5%. By the end of trading, WellPoint fell 80 cents (-1.2%) to $68.04 on light volume. Throughout the day, 1.7 million shares of WellPoint exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $67.74-$69.04 after having opened the day at $68.37 as compared to the previous trading day's close of $68.84. Other company's within the Health Services industry that declined today were:
(
), down 28.1%,
(
), down 11.4%,
(
), down 8.7%, and
TheStreet Recommends
(
), down 8.3%.
WellPoint, Inc., through its subsidiaries, operates as a health benefits company in the United States. The company offers various network-based managed care plans to large and small employer, individual, Medicaid, and senior markets. WellPoint has a market cap of $22.46 billion and is part of the
sector. The company has a P/E ratio of 9.3, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.5% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate WellPoint a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates WellPoint as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, growth in earnings per share 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 WellPoint Ratings Report.
On the positive front,
(
), up 12.6%,
(
), up 8.6%,
(
), up 8.1%, and
(
), up 7.6%, 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
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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