3 Dental Supply Stocks You Can Sink Your Teeth Into
Like regular flossing, dental supply companies are sometimes overlooked, but Henry Schein (NASDAQ: HSIC), Dentsply Sirona (NASDAQ: XRAY), and Patterson Companies (NASDAQ: PDCO) are all thriving, thanks to margin-improvement initiatives in the industry and a rebound from pandemic-related restrictions. The stocks appear to be reasonably priced with forward price-to-earnings ratios below 17.
Those aren't the only reasons to be bullish on these three healthcare stocks. Demographic trends toward an older population, an increased demand for cosmetic dentistry, and increased rates of periodontal disease due to poor diets all point toward growth in the global dental market. According to a report by Fortune Business Insights, the market's size is expected to grow from $38.21 billion in 2023 to $65.23 billion by 2030.
Source Fool.com
Patterson Companies Inc. Stock
Patterson Companies Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 32 € there is a positive potential of 34.45% for Patterson Companies Inc. compared to the current price of 23.8 €.
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