Cooper Companies (COO): Today's Featured Health Services Laggard

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.

Cooper Companies ( COO) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Cooper Companies fell $1.13 (-1.2%) to $94.81 on average volume. Throughout the day, 396,110 shares of Cooper Companies exchanged hands as compared to its average daily volume of 381,000 shares. The stock ranged in price between $94.67-$96.74 after having opened the day at $95.91 as compared to the previous trading day's close of $95.94. Other companies within the Health Services industry that declined today were: BG Medicine ( BGMD), down 5.2%, Hooper Holmes ( HH), down 5%, Select Medical Holdings Corporation ( SEM), down 5%, and Spherix ( SPEX), down 4.7%.
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The Cooper Companies, Inc. engages in the provision of medical devices for healthcare professionals worldwide. Cooper Companies has a market cap of $4.57 billion and is part of the health care sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 35.4% year to date as of the close of trading on Monday. Currently there are six analysts that rate Cooper Companies a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Cooper Companies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and reasonable valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, MGC Diagnostics ( MGCD), up 11.6%, Unilife Corporation ( UNIS), up 10.2%, Cardica ( CRDC), up 8.4%, and Gentiva Health Services ( GTIV), up 5.9%, were all gainers within the health services industry with St Jude Medical ( STJ) being today's featured health services industry leader.

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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