Catamaran Corp (CTRX): Today's Featured Health Services Winner

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.

Catamaran ( CTRX) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 0.4%. By the end of trading, Catamaran rose $0.77 (1.6%) to $50.19 on average volume. Throughout the day, 1,897,212 shares of Catamaran exchanged hands as compared to its average daily volume of 1,843,300 shares. The stock ranged in a price between $48.89-$50.21 after having opened the day at $49.09 as compared to the previous trading day's close of $49.42. Other companies within the Health Services industry that increased today were: Allied Healthcare Products ( AHPI), up 26.8%, RadNet ( RDNT), up 10.2%, NeuroMetrix ( NURO), up 10.2% and American Caresource Holdings ( ANCI), up 9.0%.

Catamaran Corporation provides pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefits management industry in North America. The company operates in two segments: PBM and HCIT. Catamaran has a market cap of $10.1 billion and is part of the health care sector. The company has a P/E ratio of 43.5, above the S&P 500 P/E ratio of 17.7. Shares are up 4.1% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Catamaran a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Catamaran as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Hill-Rom Holdings ( HRC), down 15.8%, Pro-Dex ( PDEX), down 11.1%, Vision-Sciences Inc (DE ( VSCI), down 7.4% and CAS Medical Systems ( CASM), down 7.4% , were all laggards within the health services industry with Baxter International ( BAX) being today's health services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR ( XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care ( RXD).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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