Baxter InternationalNYSE: BAX

Scott Baxter, the CEO of Kontoor Brands, appears on CNBC's 'The Exchange' to talk about the company's strong performance in the third quarter, its growth driven by marketing efforts, and other related topics.

On Thursday, Baxter, a company that makes medical devices, announced that it has resumed production on its busiest intravenous solutions manufacturing line at its North Carolina plant, which had been affected by flooding from a hurricane.

Baxter, a company that makes medical devices, announced on Thursday that it plans to resume production on its busiest IV solutions manufacturing line at a plant in North Carolina that was affected by a hurricane within the next week.

On Monday, Baxter International announced its goal to bring the number of new patients starting its peritoneal dialysis solutions back to the levels seen before Hurricane Helene by the end of this year.

Investors interested in the Medical - Products sector may want to look at Baxter International (BAX) or LeMaitre Vascular (LMAT). However, which of these companies is the better choice for those seeking undervalued stocks?

Historically, when the Federal Reserve lowers interest rates, healthcare stocks tend to rise, and Baxter International's recent decline may be a chance to buy, as the market's reaction seems exaggerated. Baxter has dealt with challenges following its purchase of Hill-Rom, such as increased costs and supply chain problems, which are now being resolved, paving the way for a rebound. Additionally, selling its kidney care division and paying off debt will improve Baxter's financial position, allowing for future stock buybacks and increased profit margins.

BAX is experiencing strong growth in all areas, and their new initiatives are increasing confidence. However, sales are still being affected by disruptions caused by the pandemic.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. However, we also keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

Investors interested in the Medical - Products sector may want to look at Baxter International (BAX) or LeMaitre Vascular (LMAT). The question is, which of these two stocks offers a better value for investors at this moment?