3 Rising Hospital Stocks to Buy Right Now
HCA Healthcare (NYSE: HCA), Universal Health Services (NYSE: UHS), and Tenet Healthcare (NYSE: THC), three companies that operate for-profit hospitals, are all having strong bounce-back years with more room to grow.
All of these companies are benefiting from significant tailwinds. Medical procedures that were deferred last year due to the coronavirus pandemic are picking up, along with general patient admissions. On top of that, the U.S. Census Bureau's revised 2020 numbers show that the percentage of the U.S. population 65 and older grew by 34.2% over the past decade, and as that group ages, more medical procedures are likely to follow.
All three companies' management teams have revised annual earnings upward this year, and though their shares have climbed in 2021, all of them still have a trailing-12-month price-to-earnings ratio of less than 20. That's well below the industry average of 44.61, making these three businesses potential bargains.
Source Fool.com
