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

Catamaran ( CTRX) pushed the Health Services industry lower today making it today's featured Health Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Catamaran fell $0.52 (-1.2%) to $42.05 on light volume. Throughout the day, 1,676,999 shares of Catamaran exchanged hands as compared to its average daily volume of 2,777,100 shares. The stock ranged in price between $41.76-$42.30 after having opened the day at $42.14 as compared to the previous trading day's close of $42.57. Other companies within the Health Services industry that declined today were: BG Medicine ( BGMD), down 6.1%, GenMark Diagnostics ( GNMK), down 5.4%, InspireMD ( NSPR), down 4.6% and Allied Healthcare Products ( AHPI), down 4.4%.

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 $8.8 billion and is part of the health care sector. The company has a P/E ratio of 36.0, above the S&P 500 P/E ratio of 17.7. Shares are down 10.3% year to date as of the close of trading on Friday. Currently there are 13 analysts that rate Catamaran a buy, no analysts rate it a sell, and 7 rate it a hold.

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

On the positive front, Medical Action Industries ( MDCI), up 11.9%, Sunshine Heart ( SSH), up 7.4%, Nordion ( NDZ), up 7.0% and CardioNet ( BEAT), up 6.4% , were all gainers within the health services industry with WellPoint ( WLP) being today's featured health services industry leader.

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).

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

More from Markets

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

Global Stocks Hold Gains as North Korea Response on Talks Soothes Nerves

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

One Thing to Consider Over Memorial Day Weekend: Are Stocks About to Collapse?

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing

Oil Falls Sharply After Saudi Arabia, Russia Suggest Production Cut Easing