Sectors & Industries HealthcareMedical Instruments & Supplies
Best Medical Stocks to Buy Now (2024)
Top medical stocks in 2024 ranked by overall Zen Score. See the best medical stocks to buy now, according to analyst forecasts for the medical instruments & supplies industry.

Industry: Medical Instruments & Sup...

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
HOLX	HOLOGIC INC	NASDAQ	Medical Instruments & Supplies	$18.40B	$79.22	-0.69%	$1.22B	26.85x	0.80
UTMD	UTAH MEDICAL PRODUCTS INC	NASDAQ	Medical Instruments & Supplies	$227.06M	$65.30	-0.47%	$23.01M	15.08x	0.05
ISRG	INTUITIVE SURGICAL INC	NASDAQ	Medical Instruments & Supplies	$170.44B	$479.63	-1.44%	$2.70B	81.02x	0.13
ALC	ALCON INC	NYSE	Medical Instruments & Supplies	$48.52B	$98.11	-1.03%	$2.44B	44.00x	0.42
LMAT	LEMAITRE VASCULAR INC	NASDAQ	Medical Instruments & Supplies	$2.04B	$90.76	-0.27%	$59.05M	53.39x	0.14
RMD	RESMED INC	NYSE	Medical Instruments & Supplies	$35.03B	$238.43	-0.18%	$1.53B	34.36x	0.41
BDX	BECTON DICKINSON & CO	NYSE	Medical Instruments & Supplies	$68.61B	$237.36	-1.00%	$4.40B	48.94x	1.15
ATR	APTARGROUP INC	NYSE	Medical Instruments & Supplies	$10.55B	$158.94	0.12%	$710.64M	32.77x	0.85
MMSI	MERIT MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$5.58B	$95.90	-0.75%	$274.22M	47.24x	0.85
WST	WEST PHARMACEUTICAL SERVICES INC	NYSE	Medical Instruments & Supplies	$21.57B	$297.31	-0.83%	$780.40M	41.82x	0.35
PDEX	PRO DEX INC	NASDAQ	Medical Instruments & Supplies	$103.23M	$30.74	-0.07%	$4.35M	50.39x	0.70
STAA	STAAR SURGICAL CO	NASDAQ	Medical Instruments & Supplies	$1.68B	$34.16	-4.26%	$26.94M	100.47x	0.25
OSUR	ORASURE TECHNOLOGIES INC	NASDAQ	Medical Instruments & Supplies	$304.24M	$4.08	-1.69%	$42.65M	11.33x	0.10
ATRC	ATRICURE INC	NASDAQ	Medical Instruments & Supplies	$1.34B	$27.44	-0.94%	-$15.14M	-31.91x	0.29
TFX	TELEFLEX INC	NYSE	Medical Instruments & Supplies	$11.29B	$239.54	-1.80%	$628.88M	42.78x	0.63
HAE	HAEMONETICS CORP	NYSE	Medical Instruments & Supplies	$4.00B	$78.08	-1.55%	$254.30M	34.55x	1.81
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	NASDAQ	Medical Instruments & Supplies	$25.14M	$1.05	2.94%	$12.57M	2.69x	0.20
BAX	BAXTER INTERNATIONAL INC	NYSE	Medical Instruments & Supplies	$17.90B	$35.08	-2.47%	$4.17B	7.17x	2.43
NYXH	NYXOAH SA	NASDAQ	Medical Instruments & Supplies	$310.39M	$9.03	-2.38%	-$41.95M	-5.58x	0.23
COO	COOPER COMPANIES INC	NASDAQ	Medical Instruments & Supplies	$21.30B	$106.97	-0.77%	$1.05B	58.94x	0.53
XRAY	DENTSPLY SIRONA INC	NASDAQ	Medical Instruments & Supplies	$5.01B	$24.71	-1.16%	$289.00M	-28.73x	1.25
EKSO	EKSO BIONICS HOLDINGS INC	NASDAQ	Medical Instruments & Supplies	$18.81M	$1.02	0.99%	-$10.34M	-1.29x	1.24
WRBY	WARBY PARKER INC	NYSE	Medical Instruments & Supplies	$1.86B	$15.51	3.13%	-$9.51M	-39.77x	0.88
EMBC	EMBECTA CORP	NASDAQ	Medical Instruments & Supplies	$766.86M	$13.29	-4.66%	$199.70M	11.08x	-2.66
NEPH	NEPHROS INC	NASDAQ	Medical Instruments & Supplies	$16.55M	$1.57	0.00%	-$1.12M	-12.08x	0.40
SMTI	SANARA MEDTECH INC	NASDAQ	Medical Instruments & Supplies	$260.66M	$29.80	0.07%	-$473.82k	-38.21x	0.77
POAI	PREDICTIVE ONCOLOGY INC	NASDAQ	Medical Instruments & Supplies	$4.47M	$0.67	-7.97%	-$13.39M	-0.20x	1.59
BLFS	BIOLIFE SOLUTIONS INC	NASDAQ	Medical Instruments & Supplies	$1.12B	$24.33	0.16%	-$61.02M	-18.02x	0.17
STVN	STEVANATO GROUP SPA	NYSE	Medical Instruments & Supplies	$5.95B	$19.66	-1.70%	$290.81M	39.32x	0.66
RGEN	REPLIGEN CORP	NASDAQ	Medical Instruments & Supplies	$7.79B	$139.04	-2.93%	$91.95M	-6,952.00x	0.44
NXGL	NEXGEL INC	NASDAQ	Medical Instruments & Supplies	$15.68M	$2.48	2.90%	-$2.82M	-4.28x	1.26
HBIO	HARVARD BIOSCIENCE INC	NASDAQ	Medical Instruments & Supplies	$107.28M	$2.46	-3.91%	$885.00k	-9.84x	0.92
AVGR	AVINGER INC	NASDAQ	Medical Instruments & Supplies	$2.96M	$1.29	24.04%	-$17.53M	-0.13x	1.23
ZJYL	JIN MEDICAL INTERNATIONAL LTD	NASDAQ	Medical Instruments & Supplies	$401.60M	$2.51	-3.83%	$3.45M	147.65x	0.57
LUCY	INNOVATIVE EYEWEAR INC	NASDAQ	Medical Instruments & Supplies	$12.52M	$7.97	-10.45%	-$7.75M	-0.72x	0.07
OMIC	SINGULAR GENOMICS SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$37.44M	$15.00	-2.47%	-$83.72M	-0.40x	0.60
STSS	SHARPS TECHNOLOGY INC	NASDAQ	Medical Instruments & Supplies	$4.35M	$0.15	-1.30%	-$7.50M	-0.31x	0.38
KRMD	KORU MEDICAL SYSTEMS INC	NASDAQ	Medical Instruments & Supplies	$123.35M	$2.69	1.51%	-$5.72M	-10.76x	0.46
INFU	INFUSYSTEM HOLDINGS INC	NYSEMKT	Medical Instruments & Supplies	$149.63M	$7.02	6.69%	$16.01M	702.00x	1.03
AKYA	AKOYA BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$126.47M	$2.56	-4.66%	-$41.84M	-2.11x	5.46
BNGO	BIONANO GENOMICS INC	NASDAQ	Medical Instruments & Supplies	$37.75M	$0.44	1.62%	-$185.43M	-0.09x	0.61
AZTA	AZENTA INC	NASDAQ	Medical Instruments & Supplies	$2.32B	$47.44	-0.59%	-$76.11M	-16.76x	0.17
FEMY	FEMASYS INC	NASDAQ	Medical Instruments & Supplies	$24.79M	$1.12	-2.19%	-$14.84M	-1.34x	0.80
POCI	PRECISION OPTICS CORPORATION INC	NASDAQ	Medical Instruments & Supplies	$32.32M	$5.09	1.80%	-$2.51M	-10.39x	0.68
MLSS	MILESTONE SCIENTIFIC INC	NYSEMKT	Medical Instruments & Supplies	$70.80M	$0.92	-0.76%	-$4.63M	-13.09x	0.51
ZTEK	ZENTEK LTD	NASDAQ	Medical Instruments & Supplies	$67.82M	$0.67	-2.90%	-$7.46M	-7.79x	0.14
MBOT	MICROBOT MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$14.85M	$0.90	-1.10%	-$10.34M	-1.11x	0.23
NVST	ENVISTA HOLDINGS CORP	NYSE	Medical Instruments & Supplies	$3.21B	$18.64	-2.41%	-$1.10B	-2.41x	0.83
BLCO	BAUSCH & LOMB CORP	NYSE	Medical Instruments & Supplies	$6.64B	$18.88	-0.94%	$522.00M	-14.52x	1.03
ICUI	ICU MEDICAL INC	NASDAQ	Medical Instruments & Supplies	$4.32B	$176.92	-1.92%	$245.55M	-60.59x	1.10
RVP	RETRACTABLE TECHNOLOGIES INC	NYSEMKT	Medical Instruments & Supplies	$22.30M	$0.75	-3.25%	-$3.12M	-1.22x	0.88
STXS	STEREOTAXIS INC	NYSEMKT	Medical Instruments & Supplies	$167.62M	$1.98	1.54%	-$20.17M	-7.62x	1.70
PLSE	PULSE BIOSCIENCES INC	NASDAQ	Medical Instruments & Supplies	$986.77M	$16.10	-2.60%	-$43.78M	-20.38x	0.50
ANGO	ANGIODYNAMICS INC	NASDAQ	Medical Instruments & Supplies	$256.56M	$6.37	-16.73%	-$163.61M	-1.39x	0.55
GCTK	GLUCOTRACK INC	NASDAQ	Medical Instruments & Supplies	$10.68M	$1.95	-13.29%	-$12.07M	-0.81x	-1.19

Medical Stocks FAQ

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

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

1. Hologic (NASDAQ:HOLX)

Hologic (NASDAQ:HOLX) is the top medical stock with a Zen Score of 52, which is 23 points higher than the medical industry average of 29. It passed 16 out of 33 due diligence checks and has strong fundamentals. Hologic has seen its stock return 14.31% over the past year, underperforming other medical stocks by -1 percentage points.

Hologic has an average 1 year price target of $88.71, an upside of 11.98% from Hologic's current stock price of $79.22.

Hologic stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Hologic, 42.86% have issued a Strong Buy rating, 14.29% have issued a Buy, 42.86% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Utah Medical Products (NASDAQ:UTMD)

Utah Medical Products (NASDAQ:UTMD) is the second best medical stock with a Zen Score of 50, which is 21 points higher than the medical industry average of 29. It passed 17 out of 38 due diligence checks and has strong fundamentals. Utah Medical Products has seen its stock lose -24.07% over the past year, underperforming other medical stocks by -39 percentage points.

3. Intuitive Surgical (NASDAQ:ISRG)

Intuitive Surgical (NASDAQ:ISRG) is the third best medical stock with a Zen Score of 49, which is 20 points higher than the medical industry average of 29. It passed 16 out of 33 due diligence checks and has strong fundamentals. Intuitive Surgical has seen its stock return 66.52% over the past year, overperforming other medical stocks by 51 percentage points.

Intuitive Surgical has an average 1 year price target of $491.31, an upside of 2.43% from Intuitive Surgical's current stock price of $479.63.

Intuitive Surgical stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Intuitive Surgical, 69.23% have issued a Strong Buy rating, 7.69% have issued a Buy, 23.08% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical stocks with highest dividends?

Out of 9 medical stocks that have issued dividends in the past year, the 3 medical stocks with the highest dividend yields are:

1. Dentsply Sirona (NASDAQ:XRAY)

Dentsply Sirona (NASDAQ:XRAY) has an annual dividend yield of 2.51%, which is 1 percentage points higher than the medical industry average of 1.31%. Dentsply Sirona's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Dentsply Sirona's dividend has shown consistent growth over the last 10 years.

Dentsply Sirona's dividend payout ratio of -69.8% indicates that its dividend yield might not be sustainable for the long-term.

2. Baxter International (NYSE:BAX)

Baxter International (NYSE:BAX) has an annual dividend yield of 2.48%, which is 1 percentage points higher than the medical industry average of 1.31%. Baxter International's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Baxter International's dividend has not shown consistent growth over the last 10 years.

Baxter International's dividend payout ratio of 17.8% indicates that its dividend yield is sustainable for the long-term.

3. Utah Medical Products (NASDAQ:UTMD)

Utah Medical Products (NASDAQ:UTMD) has an annual dividend yield of 1.84%, which is 1 percentage points higher than the medical industry average of 1.31%. Utah Medical Products's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Utah Medical Products's dividend has shown consistent growth over the last 10 years.

Utah Medical Products's dividend payout ratio of 27.6% indicates that its dividend yield is sustainable for the long-term.

Why are medical stocks down?

Medical stocks were down -1.2% in the last day, and down -1.62% over the last week. Angiodynamics was the among the top losers in the medical instruments & supplies industry, dropping -16.73% yesterday.

AngioDynamics shares are trading lower after the company reported worse-than-expected Q1 revenue results.

What are the most undervalued medical stocks?

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

1. Utah Medical Products (NASDAQ:UTMD)

Utah Medical Products (NASDAQ:UTMD) is the most undervalued medical stock based on WallStreetZen's Valuation Score. Utah Medical Products has a valuation score of 71, which is 50 points higher than the medical industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Utah Medical Products's stock has dropped -24.07% in the past year. It has underperformed other stocks in the medical industry by -39 percentage points.

2. Embecta (NASDAQ:EMBC)

Embecta (NASDAQ:EMBC) is the second most undervalued medical stock based on WallStreetZen's Valuation Score. Embecta has a valuation score of 57, which is 36 points higher than the medical industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Embecta's stock has gained 3.26% in the past year. It has underperformed other stocks in the medical industry by -12 percentage points.

3. Hologic (NASDAQ:HOLX)

Hologic (NASDAQ:HOLX) is the third most undervalued medical stock based on WallStreetZen's Valuation Score. Hologic has a valuation score of 57, which is 36 points higher than the medical industry average of 21. It passed 4 out of 7 valuation due diligence checks.

Hologic's stock has gained 14.31% in the past year. It has underperformed other stocks in the medical industry by -1 percentage points.

Are medical stocks a good buy now?

47.37% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 11.02% over the next year.

What is the average p/e ratio of the medical instruments & supplies industry?

The average P/E ratio of the medical instruments & supplies industry is -61.62x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.