5 Drugs Stocks Driving The 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 20 points (-0.1%) at 15,298 as of Wednesday, June 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Drugs industry currently sits down 0.25 versus the S&P 500, which is down 0.17. Top gainers within the industry include Vertex Pharmaceuticals ( VRTX), up 0.5%, and Merck ( MRK), up 0.8%. On the negative front, top decliners within the industry include Abbott Laboratories ( ABT), down 1.23, Celgene Corporation ( CELG), down 1.08, Biogen Idec ( BIIB), down 1.24, Novo Nordisk A/S ( NVO), down 0.93 and Eli Lilly and Company ( LLY), down 0.67.

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

5. Grifols ( GRFS) is one of the companies pushing the Drugs industry higher today. As of noon trading, Grifols is up $0.37 (1.40) to $26.83 on average volume Thus far, 439,532 shares of Grifols exchanged hands as compared to its average daily volume of 594,900 shares. The stock has ranged in price between $26.30-$26.85 after having opened the day at $26.53 as compared to the previous trading day's close of $26.46.

Grifols, S.A., a specialty biopharmaceutical company, develops, manufactures, and distributes a range of plasma derivative products primarily in the European Union, Spain, the United States, and Canada. Grifols has a market cap of $14.8 billion and is part of the health care sector. Shares are up 2.5% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Grifols a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Grifols 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 find that the company has favored debt over equity in the management of its balance sheet. Get the full Grifols Ratings Report now.

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