Today we have shortlisted 15 U.S healthcare stocks that have reported sales growth in excess of the Russell 3000 healthcare index’s aggregate sales growth and P/E multiples lower than index’s aggregate P/E during their trailing 12-month period, which suggests the stocks are undervalued. Moreover, we note that all of these stocks have registered price gains during the past one month with daily average trading volumes in excess of 100,000.
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Russell 3000 Healthcare Index TTM P/E: 31.12 |
Russell 3000 Healthcare Index TTM Sales Growth: 9.37% |
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Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
Trailing Twelve Months P/E |
Trailing Twelve Months Sales Growth |
|
Depomed Inc |
DEPO |
NASDAQ |
924.6 |
15.74 |
871,894 |
4.4% |
11.75 |
96.7% |
|
Enanta Pharmaceuticals Inc |
ENTA |
NASDAQ |
891.8 |
47.99 |
340,223 |
5.0% |
27.27 |
48.9% |
|
Cynosure Inc |
CYNO |
NASDAQ |
599.6 |
27.70 |
204,358 |
30.5% |
19.58 |
44.6% |
|
Endocyte Inc |
ECYT |
NASDAQ |
274.0 |
6.57 |
887,336 |
12.5% |
21.77 |
41.2% |
|
Anika Therapeutics Inc |
ANIK |
NASDAQ |
603.1 |
41.58 |
210,932 |
5.6% |
17.21 |
35.5% |
|
WellCare Health Plans Inc |
WCG |
NYSE |
3,250.8 |
74.04 |
589,712 |
17.1% |
28.07 |
32.0% |
|
Amsurg Corp |
AMSG |
NASDAQ |
2,495.8 |
51.86 |
464,677 |
2.2% |
24.73 |
29.2% |
|
Cambrex Corp |
CBM |
NYSE |
718.2 |
23.17 |
284,596 |
25.0% |
25.62 |
22.2% |
|
Health Net Inc/CA |
HNT |
NYSE |
4,003.5 |
51.38 |
981,184 |
13.2% |
18.94 |
16.6% |
|
Patterson Cos Inc |
PDCO |
NASDAQ |
4,980.5 |
47.77 |
738,648 |
13.2% |
21.68 |
15.6% |
|
IPC The Hospitalist Co Inc |
IPCM |
NASDAQ |
755.9 |
43.89 |
244,077 |
10.1% |
19.18 |
15.5% |
|
Merit Medical Systems Inc |
MMSI |
NASDAQ |
648.9 |
14.95 |
230,383 |
1.2% |
29.42 |
15.2% |
|
Magellan Health Inc |
MGLN |
NASDAQ |
1,701.0 |
61.53 |
190,506 |
4.3% |
19.28 |
12.4% |
|
STERIS Corp |
STE |
NYSE |
3,757.3 |
63.21 |
524,696 |
5.9% |
25.92 |
11.9% |
|
Mindray Medical International Ltd |
MR |
NYSE |
3,606.8 |
30.71 |
752,875 |
4.9% |
15.51 |
11.2% |
Source: Bloomberg
Company Description
Depomed Inc (NASDAQ: DEPO)
DepoMed, Inc. develops new and proprietary oral drug delivery technologies. The company has developed a system designed to be retained in the stomach for an extended period of time while it delivers the incorporated drug or drugs. DepoMed has also developed a system designed to reduce gastrointestinal irritation.
Enanta Pharmaceuticals Inc (NASDAQ: ENTA)
Enanta Pharmaceuticals, Inc. manufactures pharmaceutical products. The company develops, produces, and markets antibacterial drugs for hepatitis C virus, respiratory tract infections, intravenous, and oral treatments for hospitals and communities. Enanta Pharmaceuticals offers its products throughout the United States.
Cynosure Inc (NASDAQ: CYNO)
Cynosure Inc. develops and manufactures lasers for medical and aesthetic treatment applications, including leg veins, hair removal, scar revision, port-wine birthmarks, facial spider veins, stretch marks, tattoos, and pigmented lesions.
Endocyte Inc (NASDAQ: ECYT)
Endocyte Inc. is a biopharmaceutical company developing targeted therapies for the treatment of cancer and inflammatory diseases. The company uses a proprietary technology to create small molecule drug conjugates, or SMDCs, and companion imaging diagnostics that actively target receptors that are over-expressed on diseased cells, relative to healthy cells.
Anika Therapeutics Inc (NASDAQ: ANIK)
Anika Therapeutics, Inc. develops, manufactures, and commercializes therapeutic products and devices. The company’s products, based on hyaluronic acid, promote the repair, protection, and healing of bone, cartilage, and soft tissue. Anika’s products include ORTHOVISC and HYVISC which treat osteoarthritis.
WellCare Health Plans Inc (NYSE: WCG)
WellCare Health Plans Inc provides managed care services targeted exclusively to government-sponsored healthcare programs. The company operates health plans in multiple states.
Amsurg Corp (NASDAQ: AMSG)
AmSurg Corporation develops, acquires, and manages physician practice-based ambulatory surgery centers and specialty physician networks. The company operates in partnership with surgical and other group physician practices.
Cambrex Corp (NYSE: CBM)
Cambrex Corp. supplies products, services, and technologies for the Life Sciences and fine chemicals industry. The company builds platforms for use in manufacturing small molecule Active Pharmaceutical Ingredients (APIs) and pharmaceutical intermediates including drug delivery. Cambrex’s services include process & analytical development, scale-up in addition to generic APIs.
Health Net Inc/CA (NYSE: HNT)
Health Net Inc. offers managed health care benefits and products. The company provides group, individual, Medicare risk, Medicaid, and TRICARE programs. Health Net also offers managed health care products related to behavioral health, dental, vision, and prescription drugs, as well as offers managed health care product coordination and administrative services.
Patterson Cos Inc (NASDAQ: PDCO)
Patterson Companies Inc. distributes dental products, veterinary supplies for companion pets, and rehabilitation supplies. The company sells and markets to dental clinics and laboratories, veterinarians, and to the physical and occupational therapy markets.
IPC The Hospitalist Co Inc (NASDAQ: IPCM)
IPC The Hospitalist Co provides physician practice management solutions. The company’s services include staffed hospitalist programs and outsourced services.
Merit Medical Systems Inc (NASDAQ: MMSI)
Merit Medical Systems, Inc. manufactures and markets products used in diagnostic and interventional cardiology and radiology procedures. The company’s primary products include inflation devices, guide wires, thrombolytic catheters and fluid dispensing systems, and angiography accessories, among others. Merit’s products are sold worldwide.
Magellan Health Inc (NASDAQ: MGLN)
Magellan Health, Inc. coordinates and manages the delivery of behavioral healthcare treatment services. The company’s services are provided through its contracted network of third-party treatment providers, which includes psychiatrists, psychologists, psychiatric hospitals, and residential treatment centers.
STERIS Corp (NYSE: STE)
STERIS Corporation provides sterilization, microbial reduction, and materials modification services to customers throughout the world. The company’s customers include the medical device, pharmaceutical, biotechnology, food safety, and industrial markets. STERIS also markets a line of cleaning, decontamination, and sterilization systems, products, and technologies.
Mindray Medical International Ltd (NYSE: MR)
Mindray Medical International Limited develops, manufactures, and markets medical devices. The company offers patient monitoring devices, diagnostic laboratory instruments, and ultrasound imaging systems.
