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	$26.47B	72,843,157	94.34%	3.67%	Net Buying	Net Buying
STAA	STAAR SURGICAL CO	United States	$2.18B	48,865,875	63.00%	37.00%	Net Buying	Net Buying
HOLX	HOLOGIC INC	United States	$17.91B	234,731,521	86.75%	13.25%	Net Selling	Net Selling
UTMD	UTAH MEDICAL PRODUCTS INC	United States	$243.59M	3,589,014	64.94%	35.06%	Net Selling
OSUR	ORASURE TECHNOLOGIES INC	United States	$393.33M	73,796,268	91.59%	8.41%	Net Selling	Net Selling
LMAT	LEMAITRE VASCULAR INC	United States	$1.49B	22,337,216	73.96%	26.04%	Net Selling	Net Selling
ISRG	INTUITIVE SURGICAL INC	United States	$131.84B	354,705,822	83.49%	0.81%	Net Buying	Net Buying
TFX	TELEFLEX INC	United States	$9.95B	47,056,482	95.84%	2.71%	Net Selling	Net Selling
MMSI	MERIT MEDICAL SYSTEMS INC	United States	$4.45B	58,105,654	94.92%	5.08%	Net Buying	Net Selling
ALC	ALCON INC	United States	$38.73B	493,244,479	47.85%	0.00%
ATR	APTARGROUP INC	United States	$9.63B	66,263,631	89.89%	3.65%	Net Selling	Net Selling
RMD	RESMED INC	United States	$31.59B	146,907,207	54.56%	4.31%	Net Selling	Net Selling
ATRC	ATRICURE INC	United States	$1.18B	47,587,966	75.23%	24.77%	Net Selling	Net Selling
HAE	HAEMONETICS CORP	United States	$4.68B	50,786,117	97.49%	2.51%	Net Buying	Net Selling
BDX	BECTON DICKINSON & CO	United States	$67.52B	288,902,232	86.97%	0.63%	Net Selling	Net Selling
ATRI	ATRION CORP	United States	$751.24M	1,759,836	56.66%	43.34%	Net Buying	Net Selling
STVN	STEVANATO GROUP SPA	Italy	$8.34B	295,540,036	11.70%	0.00%
MHUA	MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD	China	$16.40M	23,940,000	1.22%	0.00%
COO	COOPER COMPANIES INC	United States	$17.82B	198,756,284	24.31%	0.86%	Net Selling	Net Selling
NYXH	NYXOAH SA	Belgium	$271.83M	28,673,985	7.33%	0.00%
PDEX	PRO DEX INC	United States	$65.34M	3,511,253	5.91%	94.09%	Net Buying
RGEN	REPLIGEN CORP	United States	$8.85B	55,875,894	73.41%	26.59%	Net Selling	Net Selling
EMBC	EMBECTA CORP	United States	$583.27M	57,578,921	96.14%	1.52%	Net Selling	Net Selling
NEPH	NEPHROS INC	United States	$24.46M	10,543,675	5.62%	94.38%	Net Buying	Net Buying
BAX	BAXTER INTERNATIONAL INC	United States	$20.49B	507,827,437	84.81%	15.19%	Net Selling	Net Selling
WRBY	WARBY PARKER INC	United States	$1.42B	118,162,796	48.64%	51.36%	Net Selling	Net Selling
BNGO	BIONANO GENOMICS INC	United States	$52.45M	54,694,000	11.29%	47.22%	Net Buying	Net Selling
HBIO	HARVARD BIOSCIENCE INC	United States	$165.79M	43,399,291	51.38%	48.62%	Net Selling	Net Selling
SMTI	SANARA MEDTECH INC	United States	$269.29M	8,622,805	0.53%	99.47%	Net Selling	Net Selling
OMIC	SINGULAR GENOMICS SYSTEMS INC	United States	$30.09M	73,928,557	35.41%	38.17%	Net Selling
AKYA	AKOYA BIOSCIENCES INC	United States	$194.60M	49,140,731	30.03%	52.24%	Net Buying	Net Selling
BLFS	BIOLIFE SOLUTIONS INC	United States	$791.84M	45,300,000	58.87%	41.13%	Net Buying	Net Selling
ZJYL	JIN MEDICAL INTERNATIONAL LTD	China	$580.80M	160,000,000	0.00%	0.00%
FEMY	FEMASYS INC	United States	$28.73M	22,099,347	6.42%	8.05%
EKSO	EKSO BIONICS HOLDINGS INC	United States	$23.17M	18,174,426	4.27%	95.73%	Net Selling
XRAY	DENTSPLY SIRONA INC	United States	$6.26B	207,363,276	97.84%	2.16%	Net Selling	Net Selling
INFU	INFUSYSTEM HOLDINGS INC	United States	$165.44M	21,264,695	26.63%	73.37%	Net Selling	Net Selling
KRMD	KORU MEDICAL SYSTEMS INC	United States	$102.97M	45,764,225	40.55%	49.24%	Net Buying	Net Buying
POCI	PRECISION OPTICS CORPORATION INC	United States	$34.29M	6,068,518	9.00%	91.00%
NXGL	NEXGEL INC	United States	$13.70M	6,227,624	2.02%	31.25%	Net Buying	Net Buying
LUCY	INNOVATIVE EYEWEAR INC	United States	$2.56M	12,933,544	0.95%	38.06%
PLSE	PULSE BIOSCIENCES INC	United States	$419.71M	55,225,333	7.98%	78.41%	Net Buying
ICUI	ICU MEDICAL INC	United States	$2.37B	24,142,564	68.28%	31.72%	Net Selling	Net Selling
MLSS	MILESTONE SCIENTIFIC INC	United States	$49.03M	76,602,116	5.37%	57.60%	Net Buying	Net Buying
AZTA	AZENTA INC	United States	$2.91B	55,765,135	82.78%	17.22%	Net Selling	Net Selling
POAI	PREDICTIVE ONCOLOGY INC	United States	$6.70M	4,062,853	0.16%	99.84%	Net Selling
BLCO	BAUSCH & LOMB CORP	Canada	$4.83B	351,482,100	11.05%	88.95%	Net Selling	Net Selling
STXS	STEREOTAXIS INC	United States	$197.93M	82,128,762	25.73%	74.27%	Net Buying
AVGR	AVINGER INC	United States	$6.26M	1,702,226	1.27%	98.73%	Net Selling
MBOT	MICROBOT MEDICAL INC	United States	$13.82M	14,398,964	4.57%	95.43%
RVP	RETRACTABLE TECHNOLOGIES INC	United States	$32.63M	29,937,159	6.47%	93.53%	Net Buying	Net Buying
ANGO	ANGIODYNAMICS INC	United States	$231.92M	40,054,533	80.07%	19.93%	Net Selling	Net Buying
ZTEK	ZENTEK LTD	Canada	$102.88M	100,859,577	0.77%	0.00%
STSS	SHARPS TECHNOLOGY INC	United States	$3.90M	15,670,898	8.84%	23.64%	Net Buying	Net Buying
GCTK	GLUCOTRACK INC	United States	$14.29M	26,756,369	2.33%	12.58%	Net Buying	Net Buying
NVST	ENVISTA HOLDINGS CORP	United States	$3.39B	171,858,245	63.17%	36.83%	Net Selling	Net Selling

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 -0.74% over the past year, overperforming other medical stocks by 12 percentage points.

West Pharmaceutical Services has an average 1 year price target of $460.33, an upside of 26.66% from West Pharmaceutical Services's current stock price of $363.43.

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 -38.63% over the past year, underperforming other medical stocks by -26 percentage points.

Staar Surgical Co has an average 1 year price target of $44.33, a downside of -0.8% from Staar Surgical Co's current stock price of $44.69.

Staar Surgical Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Staar Surgical Co, 33.33% have issued a Strong Buy rating, 16.67% have issued a Buy, 50% 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 -29.08% over the past year, underperforming other medical stocks by -17 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 2.88%, 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 22.1% indicates that its dividend yield is sustainable for the long-term.

2. Atrion (NASDAQ:ATRI)

Atrion (NASDAQ:ATRI) has an annual dividend yield of 2.05%, 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 1.92%, 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 -90.3% indicates that its dividend yield might not be sustainable for the long-term.

Why are medical stocks up?

Medical stocks were up 0.51% in the last day, and up 0.32% over the last week. Predictive Oncology was the among the top gainers in the medical instruments & supplies industry, gaining 17.02% yesterday.

Predictive Oncology shares are trading higher after the company announced a collaboration with FluGen for an intranasal flu vaccine.

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 -23.64% in the past year. It has underperformed other stocks in the medical industry by -11 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 -29.08% in the past year. It has underperformed other stocks in the medical industry by -17 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 71, which is 51 points higher than the medical industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Hologic's stock has dropped -12.99% in the past year. It has underperformed other stocks in the medical industry by -1 percentage points.

Are medical stocks a good buy now?

47.5% of medical stocks rated by analysts are a buy right now. On average, analysts expect medical stocks to rise by 20.96% 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 55.14x.

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.