Medtronic Inc. (MDT): Today's Featured Health Services Winner

Medtronic ( MDT) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.7%. By the end of trading, Medtronic rose 59 cents (1.6%) to $37.69 on average volume. Throughout the day, 6.3 million shares of Medtronic exchanged hands as compared to its average daily volume of 5.5 million shares. The stock ranged in a price between $37.24-$37.72 after having opened the day at $37.24 as compared to the previous trading day's close of $37.10. Other companies within the Health Services industry that increased today were: IVAX Diagnostics ( IVD), up 15.5%, Electromed ( ELMD), up 11.2%, IsoRay ( ISR), up 11.1%, and BG Medicine ( BGMD), up 10.2%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $38.71 billion and is part of the health care sector. The company has a P/E ratio of 12, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 2.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Medtronic a buy, one analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Dynacq Healthcare ( DYII), down 10.4%, Sunshine Heart ( SSH), down 8.3%, Fonar Corporation ( FONR), down 8%, and Coventry Health Care ( CVH), down 8%, were all losers within the health services industry with UnitedHealth Group ( UNH) being today's health services industry loser.

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 ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

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