Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Medtronic ( MDT) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day up 0.8%. By the end of trading, Medtronic rose $0.68 (1.3%) to $53.36 on light volume. Throughout the day, 3,449,035 shares of Medtronic exchanged hands as compared to its average daily volume of 5,065,100 shares. The stock ranged in a price between $52.70-$53.53 after having opened the day at $52.76 as compared to the previous trading day's close of $52.68. Other companies within the Health Services industry that increased today were: Medical Action Industries ( MDCI), up 7.2%, Stereotaxis ( STXS), up 6.8%, Dehaier Medical Systems ( DHRM), up 5.8% and Enzo Biochem ( ENZ), up 4.8%.
Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company operates in two segments, Cardiac and Vascular Group, and Restorative Therapies Group. Medtronic has a market cap of $53.2 billion and is part of the health care sector. Shares are up 28.4% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Medtronic a buy, no analysts rate it a sell, and 11 rate it a hold. TheStreet Ratings rates Medtronic as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.