While insurance providers and medical instrument producers are very solid investments in the healthcare industry, drug manufacturers tend to get noticed more. These companies are frequently very good investments, combining price growth with attractive dividends.
Below, I will explore Abbott Laboratories (ABT), Allergan Inc (AGN), Amgen Inc (AMGN), Johnson & Johnson (JNJ) and Novartis AG (NVS) to see if they present a good entry point for investors looking at this sector. I based my analysis on these five companies because they are all innovative market leaders with a history of strong growth.
Abbott Laboratories
Located in Abbott Park, IL, Abbott Labs is a manufacturer of a wide variety of prescription and over-the-counter drugs; it is also a creator of profit for investors. The company has been paying dividends without fail since 1924. While this is good news, investors today can expect even more, thanks to projected share price increases. Paying a dividend of $1.92 for an impressive 3.5% yield, Abbott’s stock is expected to climb from its current $55 per share to $59.50, for an increase of over 8%. Combined with a potentially record dividend, this is one company that should have investors excited.
On a steady climb since August, the stock is nearly the top of its 52-week range of $45.60 – $56.84, a number it would break by 5% when it hits its one-year target. In spite of a 20% gain in the past year and a price to book of around 3.4, the stock seems to be poised to continue its run. To continue reading, click here.
5 Innovative Healthcare Companies With Histories Of Strong Growth
While insurance providers and medical instrument producers are very solid investments in the healthcare industry, drug manufacturers tend to get noticed more. These companies are frequently very good investments, combining price growth with attractive dividends.
Below, I will explore Abbott Laboratories (ABT), Allergan Inc (AGN), Amgen Inc (AMGN), Johnson & Johnson (JNJ) and Novartis AG (NVS) to see if they present a good entry point for investors looking at this sector. I based my analysis on these five companies because they are all innovative market leaders with a history of strong growth.
Abbott Laboratories
Located in Abbott Park, IL, Abbott Labs is a manufacturer of a wide variety of prescription and over-the-counter drugs; it is also a creator of profit for investors. The company has been paying dividends without fail since 1924. While this is good news, investors today can expect even more, thanks to projected share price increases. Paying a dividend of $1.92 for an impressive 3.5% yield, Abbott’s stock is expected to climb from its current $55 per share to $59.50, for an increase of over 8%. Combined with a potentially record dividend, this is one company that should have investors excited.
On a steady climb since August, the stock is nearly the top of its 52-week range of $45.60 – $56.84, a number it would break by 5% when it hits its one-year target. In spite of a 20% gain in the past year and a price to book of around 3.4, the stock seems to be poised to continue its run. To continue reading, click here.
Posted in Tech News