3 Healthcare Stocks That Are Looking Cheap Right Now
With efforts to repeal the Affordable Care Act indefinitely sidelined, the dark cloud of uncertainty hanging over the healthcare sector looks much less threatening. In response, American healthcare stocks are booming. The sector tracking iShares U.S. Healthcare index has already tacked on a hefty 14.3% gain this year, trouncing the benchmark S&P 500 index's 9.2% gain over the same period.
The surge might be great for healthcare stocks already in our portfolios, but it's made picking new ones a daunting task for value-conscious investors. The pickings are indeed slim, but McKesson Corporation (NYSE: MCK), Express Scripts Holding Company (NASDAQ: ESRX), and Gilead Sciences, Inc. (NASDAQ: GILD) are all generating massive amounts of cash relative to their share prices.
These healthcare stocks look like a great value for the price you'd pay. Image source: Getty Images.
Source: Fool.com
McKesson Corp. Stock
With 30 Buy predictions and not a single Sell prediction McKesson Corp. is an absolute favorite of our community.
With a target price of 564 € there is a slightly positive potential of 11.07% for McKesson Corp. compared to the current price of 507.8 €.
