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 down 0.3%. By the end of trading, Medtronic rose 29 cents (0.8%) to $37.85 on average volume. Throughout the day, 4.2 million shares of Medtronic exchanged hands as compared to its average daily volume of 4.8 million shares. The stock ranged in a price between $37.52-$37.85 after having opened the day at $37.60 as compared to the previous trading day's close of $37.56. Other companies within the Health Services industry that increased today were: CombiMatrix Corporation ( CBMX), up 23.6%, Conmed Healthcare Management ( CONM), up 13.3%, Spherix ( SPEX), up 12.7%, and Misonix ( MSON), up 9.7%.

Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. Medtronic has a market cap of $38.6 billion and is part of the health care sector. The company has a P/E ratio of 11.7, 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 1.5% 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, IsoRay ( ISR), down 16.3%, D Medical Industries ( DMED), down 13%, Sunshine Heart ( SSH), down 13%, and Dynacq Healthcare ( DYII), down 8.6%, were all losers within the health services industry with Covidien ( COV) 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).

null

More from Markets

'Strong Case for More Rate Hikes,' Says Fed Chair Jerome Powell

'Strong Case for More Rate Hikes,' Says Fed Chair Jerome Powell

A Thunderous Herd of Scared Baby Boomer Investors Could Crush the Market

A Thunderous Herd of Scared Baby Boomer Investors Could Crush the Market

Disney Tops Comcast Bid With Improved $71.3 Billion Approach for Fox

Disney Tops Comcast Bid With Improved $71.3 Billion Approach for Fox

With GE Dropped From the Dow, Be Selective About Industrials Stocks

With GE Dropped From the Dow, Be Selective About Industrials Stocks

MoviePass Parent's Stock Plunges as AMC Announces Rival Program

MoviePass Parent's Stock Plunges as AMC Announces Rival Program