Is Ramsay Health Care Limited Fully Paid Ord. Shrs the hottest healthcare stock on the ASX?

There has been a tussle for top spot between hospital group companies Ramsay Health Care Limited Fully Paid Ord. Shrs (ASX: RHC) and Healthscope Ltd (ASX: HSO) for some time now.

But a note out of Macquarie suggests Ramsay is the best at “playing to its strengths” with its brownfield projects in large metropolitan areas capturing the broker’s attention.

Ramsay has a number of sites slated for possible expansion on Queensland’s Sunshine Coast, a more regional location for the company, but one with good exposure to older age groups.

Ramsay shares have been on a downward slide in the last 12 months, dropping from $70.42 at this time last year to an April 23 close of $62.70, but Macquarie’s view on Ramsay is positive, with the broker placing an outperform rating on the stock and a price target of $74.50.

Macquarie is more cautious of $3.53 billion market cap company Healthscope, with a neutral rating on the stock and a price target of $1.95.

Out of the hospital sphere CSL Limited (ASX: CSL) remains the most talked about health care stock on the ASX, with the company playing to the needs of the growing sector of biotherapeutics like a pro.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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