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...

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

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
WST	WEST PHARMACEUTICAL SERVICES INC	United States	$26.59B	72,843,157	94.34%	3.67%	Net Buying	Net Buying
STAA	STAAR SURGICAL CO	United States	$2.22B	48,865,875	63.00%	37.00%	Net Buying	Net Buying
OSUR	ORASURE TECHNOLOGIES INC	United States	$405.14M	73,796,268	91.59%	8.41%	Net Selling	Net Selling
UTMD	UTAH MEDICAL PRODUCTS INC	United States	$243.77M	3,589,014	64.94%	35.06%	Net Selling
LMAT	LEMAITRE VASCULAR INC	United States	$1.66B	22,337,216	73.96%	26.04%	Net Selling	Net Selling
RMD	RESMED INC	United States	$31.88B	146,907,207	54.56%	4.31%	Net Selling	Net Selling
ISRG	INTUITIVE SURGICAL INC	United States	$135.27B	354,705,822	83.49%	0.81%	Net Buying	Net Buying
ALC	ALCON INC	United States	$39.25B	493,244,479	47.85%	0.00%
MMSI	MERIT MEDICAL SYSTEMS INC	United States	$4.59B	58,105,654	94.92%	5.08%	Net Buying	Net Selling
BDX	BECTON DICKINSON & CO	United States	$67.82B	289,006,461	86.93%	0.63%	Net Selling	Net Selling
HOLX	HOLOGIC INC	United States	$17.86B	233,376,948	86.75%	13.25%	Net Selling	Net Selling
ATRC	ATRICURE INC	United States	$1.01B	48,382,325	75.23%	24.77%	Net Selling	Net Selling
TFX	TELEFLEX INC	United States	$9.56B	47,102,562	95.75%	2.71%	Net Selling	Net Selling
ATR	APTARGROUP INC	United States	$9.73B	66,263,631	89.89%	3.67%	Net Selling	Net Selling
ATRI	ATRION CORP	United States	$730.24M	1,759,836	56.66%	43.34%	Net Buying	Net Selling
HAE	HAEMONETICS CORP	United States	$4.79B	50,786,117	97.49%	2.51%	Net Buying	Net Selling
STVN	STEVANATO GROUP SPA	Italy	$7.82B	295,540,036	11.70%	0.00%
COO	COOPER COMPANIES INC	United States	$18.02B	198,756,284	24.31%	0.86%	Net Selling	Net Selling
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	China	$16.35M	23,940,000	1.22%	0.00%
NYXH	NYXOAH SA	Belgium	$279.86M	28,673,985	7.33%	0.00%
RGEN	REPLIGEN CORP	United States	$9.33B	55,875,894	73.41%	26.59%	Net Selling	Net Selling
NEPH	NEPHROS INC	United States	$23.20M	10,543,675	5.62%	94.38%	Net Buying	Net Buying
BAX	BAXTER INTERNATIONAL INC	United States	$18.80B	509,580,190	84.81%	15.19%	Net Selling	Net Selling
EMBC	EMBECTA CORP	United States	$584.43M	57,578,921	96.14%	1.52%	Net Selling	Net Selling
BNGO	BIONANO GENOMICS INC	United States	$51.96M	54,694,000	11.29%	47.22%	Net Buying	Net Selling
WRBY	WARBY PARKER INC	United States	$1.50B	118,162,796	48.64%	51.36%	Net Selling	Net Selling
PDEX	PRO DEX INC	United States	$62.40M	3,419,089	5.91%	94.09%	Net Buying
HBIO	HARVARD BIOSCIENCE INC	United States	$167.09M	43,399,291	51.38%	48.62%	Net Selling	Net Selling
SMTI	SANARA MEDTECH INC	United States	$279.72M	8,622,805	0.53%	99.47%	Net Selling	Net Selling
OMIC	SINGULAR GENOMICS SYSTEMS INC	United States	$30.53M	73,928,557	35.41%	38.17%	Net Selling
AKYA	AKOYA BIOSCIENCES INC	United States	$198.53M	49,140,731	30.03%	52.24%	Net Buying	Net Selling
ZJYL	JIN MEDICAL INTERNATIONAL LTD	China	$579.20M	160,000,000	0.00%	0.00%
BLFS	BIOLIFE SOLUTIONS INC	United States	$816.76M	45,300,000	58.87%	41.13%	Net Buying	Net Selling
EKSO	EKSO BIONICS HOLDINGS INC	United States	$23.81M	18,174,426	4.27%	95.73%	Net Selling
FEMY	FEMASYS INC	United States	$28.51M	22,099,347	6.42%	8.05%
XRAY	DENTSPLY SIRONA INC	United States	$5.87B	207,630,556	97.84%	2.16%	Net Selling	Net Selling
INFU	INFUSYSTEM HOLDINGS INC	United States	$159.91M	21,264,695	26.63%	73.37%	Net Selling	Net Selling
KRMD	KORU MEDICAL SYSTEMS INC	United States	$106.17M	45,764,225	40.55%	49.24%	Net Buying	Net Buying
LUCY	INNOVATIVE EYEWEAR INC	United States	$2.97M	12,933,544	0.95%	38.06%
NXGL	NEXGEL INC	United States	$13.83M	6,227,624	2.02%	31.25%	Net Buying	Net Buying
POCI	PRECISION OPTICS CORPORATION INC	United States	$32.83M	6,068,518	9.00%	91.00%
AZTA	AZENTA INC	United States	$2.98B	55,765,135	82.78%	17.22%	Net Selling	Net Selling
PLSE	PULSE BIOSCIENCES INC	United States	$431.86M	55,225,333	7.98%	78.41%	Net Buying
MLSS	MILESTONE SCIENTIFIC INC	United States	$49.79M	76,602,116	5.37%	57.60%	Net Buying	Net Buying
ICUI	ICU MEDICAL INC	United States	$2.41B	24,142,564	68.28%	31.72%	Net Selling	Net Selling
POAI	PREDICTIVE ONCOLOGY INC	United States	$7.35M	4,062,853	0.16%	99.84%	Net Selling
BLCO	BAUSCH & LOMB CORP	Canada	$4.78B	351,482,100	11.05%	88.95%	Net Selling	Net Selling
STSS	SHARPS TECHNOLOGY INC	United States	$3.60M	15,670,898	8.84%	23.64%	Net Buying	Net Buying
STXS	STEREOTAXIS INC	United States	$192.18M	82,128,762	25.73%	74.27%	Net Buying
RVP	RETRACTABLE TECHNOLOGIES INC	United States	$32.63M	29,937,159	6.47%	93.53%	Net Buying	Net Buying
AVGR	AVINGER INC	United States	$6.64M	1,702,226	1.27%	98.73%	Net Selling
MBOT	MICROBOT MEDICAL INC	United States	$14.11M	14,398,964	4.57%	95.43%
ANGO	ANGIODYNAMICS INC	United States	$251.14M	40,054,533	80.07%	19.93%	Net Selling	Net Buying
ZTEK	ZENTEK LTD	Canada	$104.89M	100,859,577	0.77%	0.00%
NVST	ENVISTA HOLDINGS CORP	United States	$3.27B	171,858,245	63.17%	36.83%	Net Selling	Net Selling
GCTK	GLUCOTRACK INC	United States	$16.32M	26,756,369	2.33%	12.58%	Net Buying	Net Buying

Medical Stocks FAQ

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

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

1. West Pharmaceutical Services (NYSE:WST)

West Pharmaceutical Services (NYSE:WST) is the top medical stock with a Zen Score of 54, which is 24 points higher than the medical industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. West Pharmaceutical Services has seen its stock lose -0.93% over the past year, overperforming other medical stocks by 11 percentage points.

West Pharmaceutical Services has an average 1 year price target of $460.33, an upside of 26.11% from West Pharmaceutical Services's current stock price of $365.02.

West Pharmaceutical Services stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering West Pharmaceutical Services, 66.67% have issued a Strong Buy rating, 0% 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. Staar Surgical Co (NASDAQ:STAA)

Staar Surgical Co (NASDAQ:STAA) is the second best medical stock with a Zen Score of 53, which is 23 points higher than the medical industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Staar Surgical Co has seen its stock lose -35.07% over the past year, underperforming other medical stocks by -23 percentage points.

Staar Surgical Co has an average 1 year price target of $43.40, a downside of -4.64% from Staar Surgical Co's current stock price of $45.51.

Staar Surgical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Staar Surgical Co, 40% have issued a Strong Buy rating, 0% have issued a Buy, 60% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Utah Medical Products (NASDAQ:UTMD)

Utah Medical Products (NASDAQ:UTMD) is the third best medical stock with a Zen Score of 52, which is 22 points higher than the medical industry average of 30. It passed 18 out of 38 due diligence checks and has strong fundamentals. Utah Medical Products has seen its stock lose -27.15% over the past year, underperforming other medical stocks by -15 percentage points.

What are the medical stocks with highest dividends?

Out of 11 medical stocks that have issued dividends in the past year, the 3 medical stocks with the highest dividend yields are:

1. Baxter International (NYSE:BAX)

Baxter International (NYSE:BAX) has an annual dividend yield of 3.14%, which is 2 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 22.2% indicates that its dividend yield is sustainable for the long-term.

2. Atrion (NASDAQ:ATRI)

Atrion (NASDAQ:ATRI) has an annual dividend yield of 2.11%, which is 1 percentage points higher than the medical industry average of 1.31%. Atrion's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Atrion's dividend has shown consistent growth over the last 10 years.

Atrion's dividend payout ratio of 78.9% indicates that its dividend yield is sustainable for the long-term.

3. Dentsply Sirona (NASDAQ:XRAY)

Dentsply Sirona (NASDAQ:XRAY) has an annual dividend yield of 2.05%, 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 -134.9% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical stocks up?

Medical stocks were up 0.43% in the last day, and up 1.57% over the last week. Lemaitre Vascular was the among the top gainers in the medical instruments & supplies industry, gaining 11.16% yesterday.

LeMaitre Vascular shares are trading higher after the company reported strong Q1 earnings and issued EPS guidance above estimates.

What are the most undervalued medical stocks?

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

1. Orasure Technologies (NASDAQ:OSUR)

Orasure Technologies (NASDAQ:OSUR) is the most undervalued medical stock based on WallStreetZen's Valuation Score. Orasure Technologies has a valuation score of 71, which is 51 points higher than the medical industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Orasure Technologies's stock has dropped -20.78% in the past year. It has underperformed other stocks in the medical industry by -9 percentage points.

2. Utah Medical Products (NASDAQ:UTMD)

Utah Medical Products (NASDAQ:UTMD) is the second most undervalued medical stock based on WallStreetZen's Valuation Score. Utah Medical Products has a valuation score of 71, which is 51 points higher than the medical industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Utah Medical Products's stock has dropped -27.15% in the past year. It has underperformed other stocks in the medical industry by -15 percentage points.

3. Teleflex (NYSE:TFX)

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

Teleflex's stock has dropped -25.4% in the past year. It has underperformed other stocks in the medical industry by -13 percentage points.

Are medical stocks a good buy now?

45% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 19.6% 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 56.77x.

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.