4 Stocks Pushing The Health Services Industry Higher

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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 266 points (-2.0%) at 12,979 as of Wednesday, Nov. 7, 2012, 2:19 PM ET. The NYSE advances/declines ratio sits at 512 issues advancing vs. 2,488 declining with 87 unchanged.

The Health Services industry currently sits down 1.6% versus the S&P 500, which is down 1.9%. A company within the industry that increased today was HCA Holdings ( HCA), up 8.4%. On the negative front, top decliners within the industry include Humana ( HUM), down 8.1%, WellPoint ( WLP), down 5.1%, UnitedHealth Group ( UNH), down 3.8%, Life Technologies ( LIFE), down 3.4% and Becton Dickinson ( BDX), down 3.2%.

TheStreet Ratings group would like to highlight 4 stocks pushing the industry higher today:

4. Centene Corporation ( CNC) is one of the companies pushing the Health Services industry higher today. As of noon trading, Centene Corporation is up $4.15 (10.4%) to $44.02 on heavy volume Thus far, 1.9 million shares of Centene Corporation exchanged hands as compared to its average daily volume of 730,600 shares. The stock has ranged in price between $40.84-$44.30 after having opened the day at $40.84 as compared to the previous trading day's close of $39.87.

Centene Corporation operates as a multiline healthcare company in the United States. It operates through two segments, Medicaid Managed Care and Specialty Services. Centene Corporation has a market cap of $2.0 billion and is part of the health care sector. The company has a P/E ratio of 91.3, above the S&P 500 P/E ratio of 17.7. Shares are down 0.9% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Centene Corporation a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Centene Corporation as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full Centene Corporation Ratings Report now.

If you liked this article you might like

Centene: Cramer's Top Takeaways

How Long Can This Rally Run?: Cramer's 'Mad Money' Recap (Monday 9/19/17)

Fidelis Care Buy Could Make Centene Less Likely Takeout Candidate

Tenet Healthcare Is 'Heavily Indebted,' Jim Cramer Warns

Centene Shares Spike on Fidelis Buy