Perrigo Company PLC (PRGO): Today's Featured Health Care Laggard

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.

Perrigo Company ( PRGO) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Perrigo Company fell $1.97 (-1.2%) to $159.06 on average volume. Throughout the day, 1,554,374 shares of Perrigo Company exchanged hands as compared to its average daily volume of 1,428,200 shares. The stock ranged in price between $158.41-$161.03 after having opened the day at $159.35 as compared to the previous trading day's close of $161.03. Other companies within the Health Care sector that declined today were: Aoxing Pharmaceutical Company ( AXN), down 16.7%, Dehaier Medical Systems ( DHRM), down 14.7%, Alphatec Holdings ( ATEC), down 8.0% and IsoRay ( ISR), down 7.6%.

Perrigo is buying Canam Care as of Jan 2012 for $36. Perrigo Company has a market cap of $20.7 billion and is part of the drugs industry. Shares are up 0.8% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Perrigo Company a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Perrigo Company 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, expanding profit margins 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, Emeritus Corporation ( ESC), up 35.2%, ACADIA Pharmaceuticals ( ACAD), up 17.3%, Concord Medical Services Holdings ( CCM), up 16.4% and Isis Pharmaceuticals ( ISIS), up 15.5% , were all gainers within the health care sector with Alexion Pharmaceuticals ( ALXN) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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