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 Bristol-Myers Squibb Company (
BMY) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Bristol-Myers Squibb Company fell $0.79 (-1.7%) to $46.06 on light volume. Throughout the day, 6,897,564 shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 11,095,600 shares. The stock ranged in price between $46.03-$47.03 after having opened the day at $46.60 as compared to the previous trading day's close of $46.85. Other companies within the Health Care sector that declined today were:
Vanda Pharmaceuticals (
VNDA), down 22.1%,
USMD Holdings (
USMD), down 13.5%,
Aoxing Pharmaceutical Company (
AXN), down 10.0% and
Biodel (
BIOD), down 8.6%.
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Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $76.3 billion and is part of the drugs industry. The company has a P/E ratio of 52.2, above the S&P 500 P/E ratio of 17.7. Shares are up 43.8% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Bristol-Myers Squibb Company a buy, 1 analyst rates it a sell, and 12 rate it a hold.
TheStreet Ratings rates
Bristol-Myers Squibb Company as a
buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
On the positive front,
MediciNova (
MNOV), down 31.1%,
Intercept Pharmaceuticals (
ICPT), down 16.4%,
Oxygen Biotherapeutics (
OXBT), down 15.2% and
Senesco Technologies (
SNTI), down 12.7% , were all gainers within the health care sector with
Sarepta Therapeutics (
SRPT) being today's featured health care sector leader.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
Health Care Select Sector SPDR (
XLV) while those bearish on the health care sector could consider
ProShares Ultra Short Health Care (
RXD).
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