Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 1.1%. By the end of trading, WellPoint rose $1.56 (1.7%) to $91.15 on light volume. Throughout the day, 1,487,751 shares of WellPoint exchanged hands as compared to its average daily volume of 2,229,300 shares. The stock ranged in a price between $90.02-$91.25 after having opened the day at $90.06 as compared to the previous trading day's close of $89.59. Other companies within the Health Services industry that increased today were:
), up 12.1%,
), up 10.7%,
), up 8.8% and
), up 8.0%.
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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 $26.2 billion and is part of the health care sector. The company has a P/E ratio of 9.6, below the S&P 500 P/E ratio of 17.7. Shares are up 47.1% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate WellPoint a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
. 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, solid stock price performance, attractive valuation levels 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 negative front,
), down 10.2%,
), down 7.6%,
), down 6.4% and
), down 5.0% , were all laggards within the health services industry with
) being today's health services industry laggard.
- 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.