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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.

Industry: Medical Distribution
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
COR
CENCORA INC
$43.23B$216.75$249.5015.11%Buy65.76%27.41%N/AN/A
MCK
MCKESSON CORP
$72.45B$557.38$590.675.97%Strong Buy129.28%24.83%N/AN/A
HSIC
HENRY SCHEIN INC
$9.27B$72.38$82.8814.50%Buy85.61%54.58%N/AN/A
ZYXI
ZYNEX INC
$332.69M$10.47$18.0071.92%Buy220.20%336.36%N/AN/A
CAH
CARDINAL HEALTH INC
$23.46B$96.32$117.0021.47%Buy71.31%80.78%N/AN/A
PDCO
PATTERSON COMPANIES INC
$2.19B$24.48$31.4028.27%Hold53.37%23.15%N/AN/A
EDAP
EDAP TMS SA
$223.36M$6.02$19.00215.61%Buy114.08%N/AN/AN/A
COSM
COSMOS HEALTH INC
$9.38M$0.70N/AN/AN/AN/AN/AN/AN/AN/A
AHG
AKSO HEALTH GROUP
$24.67M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
OMI
OWENS & MINOR INC
$1.36B$17.76$25.2542.17%Buy42.98%N/AN/AN/A

Medical Distribution Stocks FAQ

What are the best medical distribution stocks to buy right now in May 2024?

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

1. Cencora (NYSE:COR)


Cencora (NYSE:COR) is the top medical distribution stock with a Zen Score of 51, which is 14 points higher than the medical distribution industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Cencora has seen its stock return 25.83% over the past year, overperforming other medical distribution stocks by 1 percentage points.

Cencora has an average 1 year price target of $249.50, an upside of 15.11% from Cencora's current stock price of $216.75.

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.

2. Mckesson (NYSE:MCK)


Mckesson (NYSE:MCK) is the second best medical distribution stock with a Zen Score of 50, which is 13 points higher than the medical distribution industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Mckesson has seen its stock return 40.6% over the past year, overperforming other medical distribution stocks by 16 percentage points.

Mckesson has an average 1 year price target of $590.67, an upside of 5.97% from Mckesson's current stock price of $557.38.

Mckesson stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Mckesson, 58.33% have issued a Strong Buy rating, 25% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Zynex (NASDAQ:ZYXI)


Zynex (NASDAQ:ZYXI) is the third best medical distribution stock with a Zen Score of 49, which is 12 points higher than the medical distribution industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Zynex has seen its stock return 7.27% over the past year, underperforming other medical distribution stocks by -18 percentage points.

Zynex has an average 1 year price target of $18.00, an upside of 71.92% from Zynex's current stock price of $10.47.

Zynex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Zynex, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical distribution stocks with highest dividends?

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:

1. Patterson Companies (NASDAQ:PDCO)


Patterson Companies (NASDAQ:PDCO) has an annual dividend yield of 4.25%, which is 2 percentage points higher than the medical distribution industry average of 1.92%. 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.

2. Cardinal Health (NYSE:CAH)


Cardinal Health (NYSE:CAH) has an annual dividend yield of 2.08%, which is the same as the medical distribution industry average of 1.92%. 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.

3. Cencora (NYSE:COR)


Cencora (NYSE:COR) has an annual dividend yield of 0.93%, which is -1 percentage points lower than the medical distribution industry average of 1.92%. 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.

Why are medical distribution stocks up?

Medical distribution stocks were up 0.4% in the last day, and down -0.71% over the last week.

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

What are the most undervalued medical distribution stocks?

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

1. Henry Schein (NASDAQ:HSIC)


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 46 points higher than the medical distribution industry average of 40. It passed 6 out of 7 valuation due diligence checks.

Henry Schein's stock has dropped -6.56% in the past year. It has underperformed other stocks in the medical distribution industry by -31 percentage points.

2. Patterson Companies (NASDAQ:PDCO)


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 31 points higher than the medical distribution industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -9.77% in the past year. It has underperformed other stocks in the medical distribution industry by -35 percentage points.

3. Zynex (NASDAQ:ZYXI)


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 31 points higher than the medical distribution industry average of 40. It passed 5 out of 7 valuation due diligence checks.

Zynex's stock has gained 7.27% in the past year. It has underperformed other stocks in the medical distribution industry by -18 percentage points.

Are medical distribution stocks a good buy now?

75% of medical distribution stocks rated by analysts are a buy right now. On average, analysts expect medical distribution stocks to rise by 13.19% over the next year.

What is the average p/e ratio of the medical distribution industry?

The average P/E ratio of the medical distribution industry is 26.3x.
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