): Sales of this cardio-centric company, savaged by the suspension of elective procedures during the pandemic, are still recovering from demand that remains pent-up. Many of the suspensions defined "elective" quite broadly, creating a backlog of patients waiting not just for hip and knee replacements, but also for heart valves.
Thus, its well positioned to gain from the overall growth of the sector. Premier has a particularly low trailing price/earnings ratio for this category — recently, as low as 16. Early this month, shares were trading at around $31. Average target: $42.): From 2015 until 2020, investors awaiting growth from this household pharma name were on a slow boat to China, as shares languished in the $75-$90 range.
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