5 Cheap Healthcare Stocks To Invest In

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1. Premier, Inc. (NASDAQ:PINC)

Price as of October 3: $34.43

Premier, Inc. (NASDAQ:PINC) is an American healthcare improvement company. The company primarily focuses on healthcare supply chains and performance services.

Premier, Inc. (NASDAQ:PINC) is one of the best healthcare stocks because of its financial performance, valuation, and low risk. As of Q2 2022, the company recorded gross margins of 55.97% and free cash flow margins of 29.66%. Additionally, the 3-year sales growth of the company was recorded at 13%. The company has a PE ratio of 14 compared to the S&P 500’s of approximately 15. Finally, the company has a low debt to equity ratio of 0.27, and a 5-year monthly beta of 0.35 which makes it a low-risk stock.

Canaccord analyst Richard Close remains bullish on Premier, Inc. (NASDAQ:PINC) and said that the company continues to be a safe name with decent revenue visibility. The analyst believes that the company has a strong competitive position and solid free cash flow profile. On August 17, Close reiterated a Buy rating on the company shares and raised the price target to $46 from $44.

You can also take a look at 11 Best Dividend Paying Stocks Under 50 Dollars and 10 Best Cybersecurity Stocks To Buy Under $20

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