Sectors & IndustriesHealthcareMedical Distribution

Best Medical Distribution Stocks to Buy Now (2023)

Top medical distribution stocks in 2023 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:

Amerisourcebergen (NYSE:ABC) is the top medical distribution stock with a Zen Score of 51, which is 12 points higher than the medical distribution industry average of 39. It passed 19 out of 38 due diligence checks and has strong fundamentals. Amerisourcebergen has seen its stock return 2.49% over the past year, underperforming other medical distribution stocks by -1 percentage points.

Amerisourcebergen has an average 1 year price target of $180.17, an upside of 15.19% from Amerisourcebergen's current stock price of $156.41.

Amerisourcebergen stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Amerisourcebergen, 41.67% have issued a Strong Buy rating, 41.67% have issued a Buy, 16.67% 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 Zen Score of 46, which is 7 points higher than the medical distribution industry average of 39. It passed 16 out of 38 due diligence checks and has strong fundamentals. Patterson Companies has seen its stock lose -15.33% over the past year, underperforming other medical distribution stocks by -19 percentage points.

Patterson Companies has an average 1 year price target of $36.40, an upside of 37.05% from Patterson Companies's current stock price of $26.56.

Patterson Companies stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Patterson Companies, 20% have issued a Strong Buy rating, 40% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Henry Schein (NASDAQ:HSIC) is the third best medical distribution stock with a Zen Score of 44, which is 5 points higher than the medical distribution industry average of 39. It passed 14 out of 33 due diligence checks and has strong fundamentals. Henry Schein has seen its stock lose -9.92% over the past year, underperforming other medical distribution stocks by -13 percentage points.

Henry Schein has an average 1 year price target of $86.25, an upside of 8.94% from Henry Schein's current stock price of $79.17.

Henry Schein stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Henry Schein, 12.5% have issued a Strong Buy rating, 25% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 12.5% 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 3.92%, which is 2 percentage points higher than the medical distribution industry average of 2.21%. 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 51.5% indicates that its dividend yield is sustainable for the long-term.

Cardinal Health (NYSE:CAH) has an annual dividend yield of 2.81%, which is 1 percentage points higher than the medical distribution industry average of 2.21%. 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 -42.4% indicates that its dividend yield might not be sustainable for the long-term.

Amerisourcebergen (NYSE:ABC) has an annual dividend yield of 1.52%, which is -1 percentage points lower than the medical distribution industry average of 2.21%. Amerisourcebergen's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Amerisourcebergen's dividend has shown consistent growth over the last 10 years.

Amerisourcebergen's dividend payout ratio of 22.3% indicates that its dividend yield is sustainable for the long-term.

Medical distribution stocks were up 2.77% in the last day, and up 2.19% 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:

Henry Schein (NASDAQ:HSIC) is the most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Henry Schein has a valuation score of 43, which is 14 points higher than the medical distribution industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Henry Schein's stock has dropped -9.92% in the past year. It has underperformed other stocks in the medical distribution industry by -13 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 43, which is 14 points higher than the medical distribution industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -15.33% in the past year. It has underperformed other stocks in the medical distribution industry by -19 percentage points.

Owens & Minor (NYSE:OMI) is the third most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Owens & Minor has a valuation score of 43, which is 14 points higher than the medical distribution industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Owens & Minor's stock has dropped -71.48% in the past year. It has underperformed other stocks in the medical distribution industry by -75 percentage points.