5 Best Medical Stocks Under $10

1. Viatris Inc. (NASDAQ:VTRS)

Number of Hedge Fund Holders: 55

Stock Price as of August 2: $9.66

Viatris Inc. (NASDAQ:VTRS) is a Canonsburg, Pennsylvania-based healthcare and pharmaceutical corporation. The firm was created in November 2020 following the merger of Mylan and Upjohn, which was a legacy division of Pfizer, Inc. (NYSE:PFE).

As of August 2, Viatris Inc. (NASDAQ:VTRS) stock offers an attractive dividend yield of over 4.9%. Furthermore, the company is looking into executing a share buyback plan in the wake of the cash it generated through an asset sale. Approximately 8.5% in shareholder value will be generated through a share buyback plan of $1 billion. Viatris Inc. (NASDAQ:VTRS) is set to announce its Q2 2022 results on August 8. The consensus revenue and adjusted EPS estimate for Viatris Inc. (NASDAQ:VTRS) stands at $4.18 billion and $0.83, respectively. Experts rate Viatris Inc. (NASDAQ:VTRS) as a ‘Buy’ below the $10 level as the risk/reward profile of the stock is favorable for long-term investors.

Davis Funds discussed its outlook on Viatris Inc. (NASDAQ:VTRS) in its Q4 2021 investor letter. Here’s what the firm said:

“Healthcare is included in the portfolio both for company-specific reasons, as well as big picture trends. At the company level, we hold select companies in pharmaceuticals, healthcare services and health insurance at attractive valuations. This is at a time when the average age of the U.S. population is fast approaching 40, older than Asia-Pacific and a little younger than the aged populations of Europe and Japan. The number of seniors in the U.S.—i.e., 65 years or older— now surpasses 54 million, or about 15% of the population. Seniors, on average, take a much greater number of medications and account for a large and disproportionate share of healthcare spending, and we expect that trend to continue due to both raw demographics and a proliferation in the number of available treatments and services available now, the latter being driven by innovation and investment in the healthcare industry. Representative holdings in the Fund include Cigna, United Health Group, Viatris and Quest Diagnostics.”

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