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5 top ventilator stocks to buy in 2024

Ready to invest in the respiratory healthcare industry? Learn how to invest in ventilator stocks in just a few steps.

The best ventilator stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

The top respiratory healthcare stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  1. Medtronic (MDT)
  2. ResMed (RMD)
  3. Allied Healthcare Products (AHPI)
  4. Koninklijke Philips NV ADR (PHG)
  5. Ford Motor Company (F)

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How to invest in ventilator stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like MDT or RMD.
  5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into ventilator stocks

If you're interested in investing in the respiratory healthcare industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

1. Medtronic (MDT)

Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. It also provides aortic valves, surgical valve replacement and repair products, endovascular stent grafts and accessories, and transcatheter pulmonary valves; and percutaneous coronary intervention products, percutaneous angioplasty balloons, and other products.

Medtronic stock opened the day at $79.63 after a previous close of $79.97. The latest price was $80.89 (25-minute delay). Medtronic is listed on the NYSE, has a trailing 12-month revenue of around USD32.4 billion and employs 95,000 staff.

  • Market capitalization: $101,914,820,608
  • P/E ratio: 28.7971
  • PEG ratio: 1.5178

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2. ResMed (RMD)

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. It operates in two segments, Sleep and Respiratory Care, and Software as a Service.

ResMed stock opened the day at $204.85 after a previous close of $206.20. The latest price was $206.91 (25-minute delay). ResMed is listed on the NYSE and has a trailing 12-month revenue of around USD$4.6 billion.

  • Market capitalization: $29,951,401,984
  • P/E ratio: 31.3662
  • PEG ratio: 1.7534

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3. Allied Healthcare Products (AHPI)

Allied Healthcare Products, Inc. manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing products, facemasks, cannulas, and ventilator circuits; and home respiratory care products comprising aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, portable suction equipment, and a line of respiratory disposable products.

Allied Healthcare Products is listed on the PINK, has a trailing 12-month revenue of around USD$27 million and employs 146 staff.

  • Market capitalization: $16,054
  • PEG ratio: 0

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4. Koninklijke Philips NV ADR (PHG)

Koninklijke Philips N. V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments.

Koninklijke Philips NV ADR stock opened the day at $25.72 after a previous close of $25.97. The latest price was $25.73 (25-minute delay). Koninklijke Philips NV ADR is listed on the NYSE, has a trailing 12-month revenue of around USD$18.1 billion and employs 69,062 staff.

  • Market capitalization: $24,667,252,736
  • PEG ratio: 2.8071

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5. Ford Motor Company (F)

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

Ford Motor Company stock opened the day at $11.80 after a previous close of $13.67. The latest price was $11.26 (25-minute delay). Ford Motor Company is listed on the NYSE, has a trailing 12-month revenue of around USD$177.5 billion and employs 177,000 staff.

  • Market capitalization: $57,816,317,952
  • P/E ratio: 15
  • PEG ratio: 0.733

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Bottom line

While it’s possible to turn a profit investing in ventilator stocks, keep in mind that — like any investment — ventilator stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the respiratory healthcare industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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