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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...
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
WST
WEST PHARMACEUTICAL SERVICES INC
$24.11B$2.93B$833.50M$568.70M$7.671.56%10.91%3.51%20.98%2024-07-25
RMD
RESMED INC
$26.77B$4.58B$1.46B$958.38M$6.5214.16%12.67%10.70%15.88%2024-08-01
UTMD
UTAH MEDICAL PRODUCTS INC
$234.89M$49.04M$25.06M$16.38M$4.51-6.54%3.23%-4.65%-0.82%2024-07-23
LMAT
LEMAITRE VASCULAR INC
$1.80B$199.89M$53.80M$33.95M$1.5318.16%13.09%62.77%5.69%2024-07-30
ALC
ALCON INC
$44.46B$9.56B$2.36B$1.05B$2.127.68%5.85%207.25%N/A2024-08-20
ISRG
INTUITIVE SURGICAL INC
$152.18B$7.32B$2.53B$1.99B$5.6413.81%13.71%52.02%11.00%2024-07-18
HAE
HAEMONETICS CORP
$4.36B$1.31B$262.10M$117.56M$2.3212.01%6.23%2.20%16.74%2024-08-06
ATR
APTARGROUP INC
$9.72B$3.54B$700.23M$312.83M$4.766.16%4.77%34.08%8.47%2024-07-25
HOLX
HOLOGIC INC
$16.92B$3.96B$993.40M$466.50M$1.96-2.37%3.80%-35.31%N/A2024-07-29
BDX
BECTON DICKINSON & CO
$68.18B$19.72B$4.36B$1.32B$4.544.82%2.97%-15.46%5.83%2024-08-01
ATRC
ATRICURE INC
$1.07B$414.60M-$13.25M-$37.23M-$0.8018.70%14.73%N/AN/A2024-07-23
COO
COOPER COMPANIES INC
$17.88B$3.73B$1.01B$339.90M$1.728.87%7.54%17.31%-4.57%
MMSI
MERIT MEDICAL SYSTEMS INC
$4.85B$1.28B$247.30M$101.95M$1.779.39%6.93%19.59%17.21%2024-08-01
OSUR
ORASURE TECHNOLOGIES INC
$316.55M$304.64M$45.63M$22.85M$0.30-35.83%12.39%-25.00%-0.65%2024-08-01
TFX
TELEFLEX INC
$9.45B$3.00B$647.34M$294.87M$6.274.93%3.93%-18.78%9.19%2024-08-01
NEPH
NEPHROS INC
$22.25M$14.06M-$1.24M-$1.44M-$0.1422.14%16.79%N/AN/A2024-08-07
ATRI
ATRION CORP
$797.89M$176.67M$37.26M$18.72M$10.630.17%2.70%-36.88%-10.98%2024-08-06
STAA
STAAR SURGICAL CO
$2.02B$326.24M$25.02M$15.30M$0.3210.70%20.31%-52.94%19.74%2024-07-31
RGEN
REPLIGEN CORP
$6.91B$607.45M$106.35M$14.84M$0.28-21.90%23.69%-90.73%-10.22%2024-07-31
BAX
BAXTER INTERNATIONAL INC
$17.42B$14.89B$4.36B$2.65B$5.232.98%6.10%N/A12.83%2024-07-25
MHUA
MEIHUA INTERNATIONAL MEDICAL TECHNOLOGIES CO LTD
$20.68M$97.10M$15.80M$11.63M$0.49-6.05%N/A81.48%N/A
STVN
STEVANATO GROUP SPA
$5.00B$1.16B$308.70M$146.43M$0.557.31%N/A-7.36%N/A
PDEX
PRO DEX INC
$63.22M$49.46M$7.57M$4.35M$1.232.90%13.36%-42.79%8.71%
NYXH
NYXOAH SA
$228.03M$5.51M-$41.45M-$46.46M-$1.6278.93%N/AN/AN/A2024-08-06
XRAY
DENTSPLY SIRONA INC
$5.31B$3.94B$306.00M-$95.00M-$0.430.23%-0.18%N/AN/A2024-07-31
EMBC
EMBECTA CORP
$722.03M$1.13B$192.00M$70.20M$1.221.25%N/A-27.81%N/A2024-08-06
ZJYL
JIN MEDICAL INTERNATIONAL LTD
$472.00M$19.82M$3.27M$2.88M$0.023.29%N/A0.00%N/A
EKSO
EKSO BIONICS HOLDINGS INC
$18.17M$17.91M-$12.30M-$14.24M-$0.9723.82%7.58%N/AN/A2024-07-25
WRBY
WARBY PARKER INC
$1.85B$697.80M-$21.09M-$55.06M-$0.4713.12%N/AN/AN/A2024-08-07
FEMY
FEMASYS INC
$26.00M$1.05M-$13.45M-$14.90M-$0.84-11.00%N/AN/AN/A
SMTI
SANARA MEDTECH INC
$249.87M$68.00M$222.15k-$4.89M-$0.5926.98%65.55%N/AN/A2024-08-12
AKYA
AKOYA BIOSCIENCES INC
$119.02M$93.57M-$49.79M-$68.01M-$1.4517.89%N/AN/AN/A2024-08-05
BLFS
BIOLIFE SOLUTIONS INC
$990.12M$137.30M-$49.74M-$62.93M-$1.42-15.89%44.63%N/AN/A2024-07-19
LUCY
INNOVATIVE EYEWEAR INC
$5.93M$1.39M-$7.10M-$7.20M-$0.61144.60%N/AN/AN/A
KRMD
KORU MEDICAL SYSTEMS INC
$129.51M$29.32M-$7.83M-$13.27M-$0.280.96%9.89%N/AN/A
BNGO
BIONANO GENOMICS INC
$46.40M$37.47M-$207.91M-$226.79M-$6.0226.93%25.40%N/AN/A2024-08-07
OMIC
SINGULAR GENOMICS SYSTEMS INC
$22.67M$2.49M-$87.96M-$96.21M-$1.3152.95%N/AN/AN/A2024-08-07
NXGL
NEXGEL INC
$12.89M$4.74M-$2.64M-$3.20M-$0.56108.36%21.32%N/AN/A
HBIO
HARVARD BIOSCIENCE INC
$123.77M$106.79M$2.18M-$8.73M-$0.20-6.76%-2.66%N/AN/A2024-08-06
MLSS
MILESTONE SCIENTIFIC INC
$51.97M$9.48M-$7.09M-$7.06M-$0.108.92%-0.53%N/AN/A2024-08-13
AZTA
AZENTA INC
$2.96B$651.76M-$73.14M-$150.70M-$2.739.16%-1.69%N/AN/A2024-08-06
MBOT
MICROBOT MEDICAL INC
$14.97M$0.00-$10.15M-$10.26M-$0.89N/AN/AN/AN/A2024-08-12
INFU
INFUSYSTEM HOLDINGS INC
$143.74M$127.41M$15.53M$84.00k$0.0012.23%13.10%N/AN/A2024-08-01
BLCO
BAUSCH & LOMB CORP
$5.25B$4.31B$518.00M-$337.00M-$0.9613.23%N/AN/AN/A2024-07-31
POAI
PREDICTIVE ONCOLOGY INC
$4.43M$1.96M-$14.12M-$14.78M-$3.6536.98%9.32%N/AN/A2024-08-08
ICUI
ICU MEDICAL INC
$2.84B$2.26B$244.95M-$59.31M-$2.45-2.10%10.68%N/AN/A2024-08-05
POCI
PRECISION OPTICS CORPORATION INC
$35.86M$19.41M-$1.20M-$1.64M-$0.28-6.73%26.96%N/AN/A
AVGR
AVINGER INC
$3.35M$7.62M-$17.15M-$16.13M-$16.09-7.86%-0.83%N/AN/A2024-07-25
RVP
RETRACTABLE TECHNOLOGIES INC
$33.83M$40.20M-$2.00M-$7.80M-$0.26-34.19%3.69%N/AN/A2024-08-12
STXS
STEREOTAXIS INC
$148.76M$27.10M-$19.27M-$21.22M-$0.26-2.01%-1.60%N/AN/A2024-08-08
PLSE
PULSE BIOSCIENCES INC
$584.28M$0.00-$42.31M-$42.55M-$0.81-100.00%N/AN/AN/A2024-08-08
NVST
ENVISTA HOLDINGS CORP
$2.91B$2.56B$143.40M-$120.40M-$0.72-0.08%N/AN/AN/A2024-07-31
GCTK
GLUCOTRACK INC
$12.55M$0.00-$7.58M-$7.56M-$2.05N/A-100.00%N/AN/A
STSS
SHARPS TECHNOLOGY INC
$4.20M$0.00-$8.00M-$8.71M-$0.61N/AN/AN/AN/A
ZTEK
ZENTEK LTD
$107.92M$24.90k-$8.44M-$8.87M-$0.08-84.61%N/AN/AN/A
ANGO
ANGIODYNAMICS INC
$226.71M$324.01M-$169.01M-$192.37M-$4.78-3.19%9.57%N/AN/A2024-07-10

Medical Stocks FAQ

What are the best medical stocks to buy right now in Jun 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 25 points higher than the medical industry average of 29. It passed 20 out of 38 due diligence checks and has strong fundamentals. West Pharmaceutical Services has seen its stock lose -9.33% over the past year, overperforming other medical stocks by 1 percentage points.

West Pharmaceutical Services has an average 1 year price target of $460.33, an upside of 39.07% from West Pharmaceutical Services's current stock price of $331.00.

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. Resmed (NYSE:RMD)


Resmed (NYSE:RMD) is the second best medical stock with a Zen Score of 51, which is 22 points higher than the medical industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. Resmed has seen its stock lose -15.05% over the past year, underperforming other medical stocks by -5 percentage points.

Resmed has an average 1 year price target of $209.14, an upside of 14.79% from Resmed's current stock price of $182.20.

Resmed stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Resmed, 42.86% have issued a Strong Buy rating, 28.57% have issued a Buy, 28.57% 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 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 -26.03% over the past year, underperforming other medical stocks by -16 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 2.54%, which is 1 percentage points higher than the medical industry average of 1.27%. 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. Dentsply Sirona (NASDAQ:XRAY)


Dentsply Sirona (NASDAQ:XRAY) has an annual dividend yield of 2.27%, which is 1 percentage points higher than the medical industry average of 1.27%. 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.

3. Atrion (NASDAQ:ATRI)


Atrion (NASDAQ:ATRI) has an annual dividend yield of 1.94%, which is 1 percentage points higher than the medical industry average of 1.27%. 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 82.3% indicates that its dividend yield is sustainable for the long-term.

Why are medical stocks down?

Medical stocks were down -1.19% in the last day, and down -1.06% over the last week. Singular Genomics Systems was the among the top losers in the medical instruments & supplies industry, dropping -12.57% yesterday.

Singular Genomics shares are trading lower after the company announced a 1-for-30 reverse stock split.

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 52 points higher than the medical industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Utah Medical Products's stock has dropped -26.03% in the past year. It has underperformed other stocks in the medical industry by -16 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 38 points higher than the medical industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Embecta's stock has dropped -47.17% in the past year. It has underperformed other stocks in the medical industry by -37 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 38 points higher than the medical industry average of 19. It passed 4 out of 7 valuation due diligence checks.

Hologic's stock has dropped -10.6% in the past year. It has underperformed other stocks in the medical industry by -1 percentage points.

Are medical stocks a good buy now?

50% of medical stocks rated by analysts are a strong buy right now. On average, analysts expect medical stocks to rise by 24.42% 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 55.31x.
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.