health-care industry: That could mean it's time for bargain hunters to load up, according to Market Watch. Still, this is a troubled corner in a health-care industry going through a significant transformation. They trade at very low valuations to earnings estimates. One analyst and four money managers shared varying opinions about the two brick-and-mortar pharmacy giants for this article. The forward P/E ratio for Walgreens has fallen to 8.9 from 10.3 a year ago, while the P/E for CVS has narrowed to 7.8 from 9.9. Big drops and cheap stocks The S&P 500 Index SPX, -0.61% has returned 15.5% this year through April 4, with only 38 of the stocks showing declines with dividends reinvested . Those include Walgreens Boots Alliance WBA, -1.02% which is down 20%, and CVS Health CVS, -0.79% which is down 18%. The S&P 500 trades for 16.7 times weighted aggregate consensus earnings estimates for the next 12 reported months, only slightly higher than the forward price-to-earnings ratio of 16.6 a year ago.
(news.financializer.com). As
reported in the news.
Tagged under health-care industry, bargain hunters topics.