Sectors & IndustriesHealthcareMedical Distribution

Best Medical Distribution Stocks to Buy Now (2024)

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

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

Cencora (NYSE:COR) is the top medical distribution stock with a Due Diligence Score of 49, which is 16 points higher than the medical distribution industry average of 33. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cencora has seen its stock return 26.08% over the past year, underperforming other medical distribution stocks by -1 percentage points.

Cencora has an average 1 year price target of $276.00, an upside of 9.72% from Cencora's current stock price of $251.55.

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

Patterson Companies (NASDAQ:PDCO) is the second best medical distribution stock with a Due Diligence Score of 48, which is 15 points higher than the medical distribution industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. Patterson Companies has seen its stock lose -17.38% over the past year, underperforming other medical distribution stocks by -44 percentage points.

Patterson Companies has an average 1 year price target of $24.67, an upside of 14.78% from Patterson Companies's current stock price of $21.49.

Patterson Companies stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Patterson Companies, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Cardinal Health (NYSE:CAH) is the third best medical distribution stock with a Due Diligence Score of 46, which is 13 points higher than the medical distribution industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. Cardinal Health has seen its stock return 16.09% over the past year, underperforming other medical distribution stocks by -11 percentage points.

Cardinal Health has an average 1 year price target of $122.82, an upside of 0.47% from Cardinal Health's current stock price of $122.24.

Cardinal Health stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Cardinal Health, 36.36% have issued a Strong Buy rating, 9.09% have issued a Buy, 45.45% have issued a hold, while 0% have issued a Sell rating, and 9.09% 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 4.84%, which is 3 percentage points higher than the medical distribution industry average of 1.91%. 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 56.5% indicates that its high dividend yield is sustainable for the long-term.

Cardinal Health (NYSE:CAH) has an annual dividend yield of 1.65%, which is the same as the medical distribution industry average of 1.91%. 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 38.8% indicates that its dividend yield is sustainable for the long-term.

Cencora (NYSE:COR) has an annual dividend yield of 0.83%, which is -1 percentage points lower than the medical distribution industry average of 1.91%. 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 27.4% indicates that its dividend yield is sustainable for the long-term.

Medical distribution stocks were up 0.25% in the last day, and up 1.46% over the last week.

We couldn't find a catalyst for why medical distribution stocks are up.

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

Patterson Companies (NASDAQ:PDCO) is the most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Patterson Companies has a valuation score of 57, which is 31 points higher than the medical distribution industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -17.38% in the past year. It has underperformed other stocks in the medical distribution industry by -44 percentage points.

Zynex (NASDAQ:ZYXI) is the second most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Zynex has a valuation score of 57, which is 31 points higher than the medical distribution industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Zynex's stock has dropped -10.05% in the past year. It has underperformed other stocks in the medical distribution industry by -37 percentage points.

Akso Health Group (NASDAQ:AHG) is the third most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Akso Health Group has a valuation score of 43, which is 17 points higher than the medical distribution industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Akso Health Group's stock has dropped -18.67% in the past year. It has underperformed other stocks in the medical distribution industry by -45 percentage points.