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 52, which is 15 points higher than the medical distribution industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Mckesson has seen its stock return 17.61% over the past year, overperforming other medical distribution stocks by 2 percentage points.

Mckesson has an average 1 year price target of $621.08, an upside of 22.22% from Mckesson's current stock price of $508.16.

Mckesson stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Mckesson, 66.67% have issued a Strong Buy rating, 25% have issued a Buy, 8.33% 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 48, which is 11 points higher than the medical distribution industry average of 37. It passed 16 out of 38 due diligence checks and has strong fundamentals. Patterson Companies has seen its stock lose -23.37% over the past year, underperforming other medical distribution stocks by -39 percentage points.

Patterson Companies has an average 1 year price target of $25.00, an upside of 12.31% from Patterson Companies's current stock price of $22.26.

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 Zen Score of 47, which is 10 points higher than the medical distribution industry average of 37. It passed 17 out of 38 due diligence checks and has strong fundamentals. Cardinal Health has seen its stock return 25.49% over the past year, overperforming other medical distribution stocks by 10 percentage points.

Cardinal Health has an average 1 year price target of $119.00, an upside of 7.44% from Cardinal Health's current stock price of $110.76.

Cardinal Health stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Cardinal Health, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 44.44% have issued a hold, while 0% have issued a Sell rating, and 11.11% 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 4.67%, which is 3 percentage points higher than the medical distribution industry average of 1.97%. 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 1.81%, which is the same as the medical distribution industry average of 1.97%. 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 57.7% indicates that its dividend yield is sustainable for the long-term.

Cencora (NYSE:COR) has an annual dividend yield of 0.9%, which is -1 percentage points lower than the medical distribution industry average of 1.97%. 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 21.6% indicates that its dividend yield is sustainable for the long-term.

Medical distribution stocks were down -0.54% in the last day, and down -0.82% over the last week.

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

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 57, which is 26 points higher than the medical distribution industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Henry Schein's stock has dropped -1.79% in the past year. It has underperformed other stocks in the medical distribution industry by -18 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 57, which is 26 points higher than the medical distribution industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -23.37% in the past year. It has underperformed other stocks in the medical distribution industry by -39 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 12 points higher than the medical distribution industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Akso Health Group's stock has gained 4.59% in the past year. It has underperformed other stocks in the medical distribution industry by -11 percentage points.