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:

Cencora (NYSE:COR) is the top medical distribution stock with a Zen Score of 53, which is 14 points higher than the medical distribution industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Cencora has seen its stock return 20.41% over the past year, overperforming other medical distribution stocks by 10 percentage points.

Cencora has an average 1 year price target of $269.83, an upside of 22.68% from Cencora's current stock price of $219.94.

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.

Mckesson (NYSE:MCK) is the second best medical distribution stock with a Zen Score of 52, which is 13 points higher than the medical distribution industry average of 39. It passed 20 out of 38 due diligence checks and has strong fundamentals. Mckesson has seen its stock return 9.82% over the past year.

Mckesson has an average 1 year price target of $612.25, an upside of 26.13% from Mckesson's current stock price of $485.42.

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, 16.67% 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 third best medical distribution stock with a Zen Score of 51, which is 12 points higher than the medical distribution industry average of 39. It passed 17 out of 38 due diligence checks and has strong fundamentals. Patterson Companies has seen its stock lose -31.13% over the past year, underperforming other medical distribution stocks by -41 percentage points.

Patterson Companies has an average 1 year price target of $25.00, an upside of 21.36% from Patterson Companies's current stock price of $20.60.

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.

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 5.05%, which is 3 percentage points higher than the medical distribution industry average of 2.08%. 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 1.8%, which is the same as the medical distribution industry average of 2.08%. 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 0.93%, which is -1 percentage points lower than the medical distribution industry average of 2.08%. 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 up 0.48% in the last day, and down -1.24% 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 71, which is 34 points higher than the medical distribution industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Henry Schein's stock has dropped -4.85% in the past year. It has underperformed other stocks in the medical distribution industry by -15 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 34 points higher than the medical distribution industry average of 37. It passed 5 out of 7 valuation due diligence checks.

Patterson Companies's stock has dropped -31.13% in the past year. It has underperformed other stocks in the medical distribution industry by -41 percentage points.

Cencora (NYSE:COR) is the third most undervalued medical distribution stock based on WallStreetZen's Valuation Score. Cencora has a valuation score of 57, which is 20 points higher than the medical distribution industry average of 37. It passed 4 out of 7 valuation due diligence checks.

Cencora's stock has gained 20.41% in the past year. It has overperformed other stocks in the medical distribution industry by 10 percentage points.