{"id":252719,"date":"2025-10-31T07:37:06","date_gmt":"2025-10-31T07:37:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/252719\/"},"modified":"2025-10-31T07:37:06","modified_gmt":"2025-10-31T07:37:06","slug":"heres-how-morgans-rates-the-3-biggest-asx-200-healthcare-shares","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/252719\/","title":{"rendered":"Here&#8217;s how Morgans rates the 3 biggest ASX 200 healthcare shares"},"content":{"rendered":"<p><img width=\"1200\" height=\"675\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/10\/three-medics-1200x675.jpg\" class=\"attachment-full size-full wp-post-image\" alt=\"Three health professionals at a hospital smile for the camera.\" decoding=\"async\" fetchpriority=\"high\"  \/><\/p>\n<p>Image source: Getty Images<\/p>\n<p>ASX 200\u00a0<a href=\"https:\/\/www.fool.com.au\/investing-education\/healthcare-shares\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">healthcare shares<\/a> are outperforming on Friday, with the S&amp;P\/ASX 200 Health Care Index (ASX: XHJ) up 0.4% compared to the S&amp;P\/ASX 200 Index (ASX: XJO), which is up 0.25%. <\/p>\n<p>In new notes, top broker Morgans has revealed its verdict on the three biggest ASX 200 healthcare shares on the market today. <\/p>\n<p>Let&#8217;s take a look. <\/p>\n<p>The CSL share price is $179.85 on Friday, up 0.16% today and down 36% in the year to date. <\/p>\n<p>Morgans has a buy rating on the market&#8217;s largest ASX 200 healthcare share.<\/p>\n<p>However, it&#8217;s concerned by an update from CSL flagging lower expected earnings and a delay in the demerger of the Seqirus division. <\/p>\n<p>Morgans said: <\/p>\n<p>Despite the majority of the business &#8220;tracking to plan&#8221;, FY26 cc guidance had been downgraded (2-3% at revenue and NPATA mid-points), mainly reflecting continued declines in US influenza vaccination rates, although Chinese government cost containment affecting albumin demand was also flagged. <\/p>\n<p>Although it remains challenging to know when US influenza vaccination rates will stabilise, we believe the risk of a permanently lower base is being over-priced, with Seqirus and Vifor marked down, with even Behring trading below peers and well under its long-term average, which we see as unjustified. <\/p>\n<p>The broker lowered its FY26-28 net profit forecasts by up to 14.3%, and reduced its 12-month share price target from $293.83 to $249.51. <\/p>\n<p> Sigma Healthcare Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-sig\/\" rel=\"nofollow noopener\" target=\"_blank\">ASX: SIG<\/a>)  <\/p>\n<p>The Sigma Healthcare share price is $3.12, up 0.48% today and up 16% in the year to date. <\/p>\n<p>Morgans has an accumulate rating on Sigma Healthcare shares. <\/p>\n<p>Sigma Healthcare became the market&#8217;s second-biggest ASX 200 healthcare share after its merger with Chemist Warehouse. <\/p>\n<p>Morgans said Sigma Healthcare management provided an upbeat outlook at the <a href=\"https:\/\/www.fool.com.au\/tickers\/asx-sig\/announcements\/2025-10-22\/3a679492\/sigma-agm-results-of-meeting\/\" rel=\"nofollow noopener\" target=\"_blank\">annual general meeting last week<\/a>. <\/p>\n<p>SIG provided positive commentary at its recent AGM around continued domestic and international store expansion, solid like-for-like sales and reconfirmation of synergy benefits. <\/p>\n<p>At this stage we remain comfortable with our FY26 forecasts, which show sales and EBIT growth of 11.4% and 23.6% respectively. <\/p>\n<p>We forecast EBIT growth to continue (~18%) for FY27\/28. <\/p>\n<p>The broker has a 12-month share price target of $3.39 on this ASX 200 healthcare share. <\/p>\n<p> Pro Medicus Ltd (<a class=\"tickerized-link\" href=\"https:\/\/www.fool.com.au\/tickers\/asx-pme\/\" rel=\"nofollow noopener\" target=\"_blank\">ASX: PME<\/a>)  <\/p>\n<p>The Pro Medicus share price $263.32, down 0.008% on Friday and up 4.4% in the year to date.<\/p>\n<p>Morgans has just upgraded Pro Medicus shares from a trim rating to a hold rating.<\/p>\n<p>The broker is still concerned about valuation after the Pro Medicus share price <a href=\"https:\/\/www.fool.com.au\/2025\/07\/07\/these-5-asx-200-healthcare-shares-gained-the-most-weight-in-fy25\/\" rel=\"nofollow noopener\" target=\"_blank\">doubled in value in FY25<\/a>. <\/p>\n<p>Morgans said: <\/p>\n<p>PME continues to trade on elevated multiples, even at our target price with FY26F PE of ~200x, EV\/EBITDA ~130x, and PEG ratio of 5x. <\/p>\n<p>While these metrics reflect the company&#8217;s exceptional quality and growth profile, they also imply limited valuation support in the absence of new large contract announcements which is an opaque and often protracted process. <\/p>\n<p>At current levels, the risk-reward profile justifies a more balanced stance. <\/p>\n<p>The broker raised its 12-month share price target from $285 to $290. <\/p>\n","protected":false},"excerpt":{"rendered":"Image source: Getty Images ASX 200\u00a0healthcare shares are outperforming on Friday, with the S&amp;P\/ASX 200 Health Care Index&hellip;\n","protected":false},"author":2,"featured_media":252720,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,137,500],"class_list":{"0":"post-252719","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-au","9":"tag-australia","10":"tag-health","11":"tag-healthcare"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/252719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=252719"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/252719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/252720"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=252719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=252719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=252719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}