Healthcare was drawing solid attention when this decade kicked off. However, the onset of a devastating global pandemic has thrust this sector into the spotlight. Healthcare stocks have been some of the most explosive over the past year. Pandemic or no, these stocks will continue to thrive as the developed world tackles an aging population.
Andlauer Healthcare (TSX:AND) is one of the best healthcare stocks to target on the TSX. The supply chain management company provides a platform of customized third-party logistics (3PL) and specialized transportation solutions for the healthcare sector in Canada. Its shares have climbed 10% in 2021 as of close on February 25.
On February 23, Andlauer stock spiked on some promising news. The company announced agreements to acquire 100% of Skelton Canada and 49% of Skelton USA. Skelton Canada has developed into a leading transportation partner to the Canadian pharmaceutical and biologics industry. It also provides cross-border services into 32 U.S. states.
The company released its fourth-quarter and full-year 2020 results on February 24. Revenue rose 13.1 to $86.6 million while net income jumped 96% to $13.9 million. Moreover, EBITDA grew 23.9% to $22.0 million. Overall, it was a very strong quarter for the up-and-coming tech and healthcare stock.
Andlauer has proven explosive since making its debut on the S&P/TSX Composite Index.
Investors should look to stash this healthcare stock going forward. If volatility picks up, that would be a great opportunity to snag it at a discount.
