Waters Corporation (WAT): Today's Featured Health Services Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Waters Corporation ( WAT) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.3%. By the end of trading, Waters Corporation rose 89 cents (1.1%) to $81.56 on average volume. Throughout the day, 707,204 shares of Waters Corporation exchanged hands as compared to its average daily volume of 595,300 shares. The stock ranged in a price between $80.56-$81.74 after having opened the day at $80.85 as compared to the previous trading day's close of $80.67. Other companies within the Health Services industry that increased today were: Graymark Healthcare ( GRMH), up 15.6%, Varian Medical Systems ( VAR), up 15.2%, Thermogenesis Corporation ( KOOL), up 12.5%, and PerkinElmer ( PKI), up 9.8%.
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Waters Corporation operates as an analytical instrument manufacturer primarily in the United States, Europe, Japan, and Asia. Waters Corporation has a market cap of $6.98 billion and is part of the health care sector. The company has a P/E ratio of 16.7, below the average health services industry P/E ratio of 17 and below the S&P 500 P/E ratio of 17.7. Shares are up 7.5% year to date as of the close of trading on Thursday. Currently there are 11 analysts that rate Waters Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Waters Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. 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, IPC The Hospitalist Company ( IPCM), down 16.9%, LifePoint Hospitals ( LPNT), down 9.7%, Amedisys ( AMED), down 6.3%, and Urologix ( ULGX), down 4.2%, were all laggards within the health services industry with Intuitive Surgical ( ISRG) being today's health services industry laggard.

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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