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 1.0%. By the end of trading, Medtronic rose $1.10 (1.9%) to $58.34 on heavy volume. Throughout the day, 12,550,693 shares of Medtronic exchanged hands as compared to its average daily volume of 3,858,700 shares. The stock ranged in a price between $57.70-$58.50 after having opened the day at $58.20 as compared to the previous trading day's close of $57.24. Other companies within the Health Services industry that increased today were: BG Medicine ( BGMD), up 37.7%, LCA-Vision ( LCAV), up 18.0%, Pingtan Marine Enterprise ( PME), up 16.2% and Uroplasty ( UPI), up 13.1%.
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 $57.3 billion and is part of the health care sector. Shares are down 0.3% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Medtronic a buy, no analysts rate it a sell, and 12 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, impressive record of earnings per share growth, increase in net income and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.