5 Cheap Healthcare Stocks to Buy Now

2. CVS Health Corp (NYSE: CVS)

 PE Ratio (TTM): 12.16

Rhode Island-based CVS Health owns CVS Pharmacy chain, health insurance company Aetna and several other brands. In January, CVS stock was upgraded by Jefferies analyst Brian Tanquilut to Buy from Hold on the back of COVID-19 vaccination drive across the country. The analyst thinks that the vaccination rollout will boost the company’s earnings in the near term. The analyst also believes that strong FCF will help the company resume share buybacks in late 2021.

A total of 61 hedge funds tracked by Insider Monkey were bullish on CVS stock at the end of the third quarter, compared to 65 funds a quarter earlier.

Related Article: Is CVS A Good Stock To Buy Now?