Boston Scientific Inc. (BSX): 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.

Boston Scientific ( BSX) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.5%. By the end of trading, Boston Scientific rose 11 cents (1.5%) to $7.37 on average volume. Throughout the day, 16 million shares of Boston Scientific exchanged hands as compared to its average daily volume of 20.5 million shares. The stock ranged in a price between $7.22-$7.40 after having opened the day at $7.27 as compared to the previous trading day's close of $7.26. Other companies within the Health Services industry that increased today were: USMD Holdings ( USMD), up 18.9%, Edap TMS ( EDAP), up 18.3%, Urologix ( ULGX), up 11.9%, and DexCom ( DXCM), up 11.3%.
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Boston Scientific Corporation develops, manufactures, and markets medical devices used in various interventional medical specialties worldwide. Boston Scientific has a market cap of $10.01 billion and is part of the health care sector. The company has a P/E ratio of 11, below the S&P 500 P/E ratio of 17.7. Shares are up 27.2% year to date as of the close of trading on Thursday. Currently there are five analysts that rate Boston Scientific a buy, no analysts rate it a sell, and 15 rate it a hold.

TheStreet Ratings rates Boston Scientific as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

On the negative front, CombiMatrix Corporation ( CBMX), down 21.9%, EnteroMedics ( ETRM), down 19.6%, Merit Medical Systems ( MMSI), down 15.2%, and SunLink Health Systems ( SSY), down 13.5%, were all laggards within the health services industry with WellPoint ( WLP) 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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