Sectors & IndustriesHealthcareMedical Distribution

Best Medical Distribution Stocks to Buy Now (2024)

Top medical distribution stocks in 2024 ranked by overall Zen Score. See the best medical distribution stocks to buy now, according to analyst forecasts for the medical distribution industry.

According to Zen Score, the 3 best medical distribution stocks to buy right now are:

Mckesson (NYSE:MCK) is the top medical distribution stock with a Zen Score of 54, which is 14 points higher than the medical distribution industry average of 40. It passed 21 out of 38 due diligence checks and has strong fundamentals. Mckesson has seen its stock return 49.22% over the past year, overperforming other medical distribution stocks by 18 percentage points.

Mckesson has an average 1 year price target of $560.22, an upside of 5.93% from Mckesson's current stock price of $528.86.

Mckesson stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Mckesson, 55.56% have issued a Strong Buy rating, 22.22% have issued a Buy, 22.22% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cardinal Health (NYSE:CAH) is the second best medical distribution stock with a Zen Score of 51, which is 11 points higher than the medical distribution industry average of 40. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cardinal Health has seen its stock return 21.15% over the past year, underperforming other medical distribution stocks by -10 percentage points.

Cardinal Health has an average 1 year price target of $115.00, an upside of 16.27% from Cardinal Health's current stock price of $98.91.

Cardinal Health stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Cardinal Health, 25% have issued a Strong Buy rating, 25% have issued a Buy, 37.5% have issued a hold, while 0% have issued a Sell rating, and 12.5% have issued a Strong Sell.

Cencora (NYSE:COR) is the third best medical distribution stock with a Zen Score of 51, which is 11 points higher than the medical distribution industry average of 40. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cencora has seen its stock return 34.19% over the past year, overperforming other medical distribution stocks by 3 percentage points.

Cencora has an average 1 year price target of $249.50, an upside of 11.41% from Cencora's current stock price of $223.95.

Cencora stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Cencora, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 4 medical distribution stocks that have issued dividends in the past year, the 3 medical distribution stocks with the highest dividend yields are:

Patterson Companies (NASDAQ:PDCO) has an annual dividend yield of 4.05%, which is 2 percentage points higher than the medical distribution industry average of 1.85%. Patterson Companies's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Patterson Companies's dividend has shown consistent growth over the last 10 years.

Patterson Companies's dividend payout ratio of 51% indicates that its dividend yield is sustainable for the long-term.

Cardinal Health (NYSE:CAH) has an annual dividend yield of 2.02%, which is the same as the medical distribution industry average of 1.85%. Cardinal Health's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Cardinal Health's dividend has shown consistent growth over the last 10 years.

Cardinal Health's dividend payout ratio of 87.8% indicates that its dividend yield is sustainable for the long-term.

Cencora (NYSE:COR) has an annual dividend yield of 0.89%, which is -1 percentage points lower than the medical distribution industry average of 1.85%. Cencora's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Cencora's dividend has shown consistent growth over the last 10 years.

Cencora's dividend payout ratio of 21.5% indicates that its dividend yield is sustainable for the long-term.

Medical distribution stocks were down -1.4% in the last day, and down -4.69% over the last week. Owens & Minor was the among the top losers in the medical distribution industry, dropping -25.7% yesterday.

Owens & Minor shares are trading lower despite a Q1 earnings beat.

Based on WallStreetZen's Valuation Score, the 3 most undervalued medical distribution stocks right now are:

Henry Schein (NASDAQ:HSIC) is the most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Henry Schein has a valuation score of 86, which is 43 points higher than the medical distribution industry average of 43. It passed 6 out of 7 valuation due diligence checks.

Henry Schein's stock has dropped -15.29% in the past year. It has underperformed other stocks in the medical distribution industry by -46 percentage points.

Patterson Companies (NASDAQ:PDCO) is the second most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Patterson Companies has a valuation score of 71, which is 28 points higher than the medical distribution industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -4.04% in the past year. It has underperformed other stocks in the medical distribution industry by -35 percentage points.

Zynex (NASDAQ:ZYXI) is the third most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Zynex has a valuation score of 71, which is 28 points higher than the medical distribution industry average of 43. It passed 5 out of 7 valuation due diligence checks.

Zynex's stock has dropped -24.45% in the past year. It has underperformed other stocks in the medical distribution industry by -55 percentage points.