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 1.4%. By the end of trading, Medtronic rose 30 cents (0.8%) to $38.26 on light volume. Throughout the day, 3.1 million shares of Medtronic exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $37.87-$38.30 after having opened the day at $37.96 as compared to the previous trading day's close of $37.96. Other companies within the Health Services industry that increased today were: Sunshine Heart ( SSH), up 93.4%, Amerigroup Corporation ( AGP), up 38%, IsoRay ( ISR), up 21.1%, and Centene Corporation ( CNC), up 20.1%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $39.37 billion and is part of the health care sector. The company has a P/E ratio of 11.9, 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 0.8% year to date as of the close of trading on Friday. Currently there are 11 analysts that rate Medtronic a buy, one analyst rates it a sell, and 11 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, growth in earnings per share, compelling growth in net income, notable return on equity and attractive valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Luminex Corporation ( LMNX), down 17.9%, BSD Medical Corporation ( BSDM), down 13.6%, LCA-Vision ( LCAV), down 7.8%, and Celsion Corporation ( CLSN), down 6.6%, were all losers within the health services industry with HCA Holdings ( HCA) 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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