5 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Health Services industry currently sits up 0.2% versus the S&P 500, which is up 0.2%. Top gainers within the industry include Universal Health Services ( UHS), up 2.1%, Life Technologies ( LIFE), up 1.8% and Smith & Nephew ( SNN), up 1.2%. On the negative front, top decliners within the industry include DaVita HealthCare Partners ( DVA), down 2.6%, and Fresenius Medical Care Corporation ( FMS), down 0.7%.

TheStreet Ratings group would like to highlight 5 stocks pushing the industry higher today:

5. Tenet Healthcare ( THC) is one of the companies pushing the Health Services industry higher today. As of noon trading, Tenet Healthcare is up $1.17 (2.9%) to $41.55 on light volume Thus far, 710,916 shares of Tenet Healthcare exchanged hands as compared to its average daily volume of 2.0 million shares. The stock has ranged in price between $40.31-$41.59 after having opened the day at $40.31 as compared to the previous trading day's close of $40.38.

Tenet Healthcare Corporation, an investor-owned health care services company, owns and operates acute care hospitals, ambulatory surgery centers, diagnostic imaging centers, and related health care facilities in the United States. Tenet Healthcare has a market cap of $4.2 billion and is part of the health care sector. The company has a P/E ratio of 23.7, above the S&P 500 P/E ratio of 17.7. Shares are up 24.4% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Tenet Healthcare a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Tenet Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Tenet Healthcare Ratings Report now.

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