WellPoint Inc (WLP): Today's Featured Health Services Winner

WellPoint ( WLP) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 1.2%. By the end of trading, WellPoint rose $1.29 (2.1%) to $62.36 on average volume. Throughout the day, 2.5 million shares of WellPoint exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $61.08-$62.54 after having opened the day at $61.11 as compared to the previous trading day's close of $61.07. Other companies within the Health Services industry that increased today were: IsoRay ( ISR), up 32.4%, BSD Medical Corporation ( BSDM), up 11.1%, TearLab Corpoartion ( TEAR), up 7.6%, and Oculus Innovative ( OCLS), up 6.9%.

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 $20.44 billion and is part of the health care sector. The company has a P/E ratio of 8.4, 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 6.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate WellPoint a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates WellPoint as a buy. 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.

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).

null

More from Markets

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?