How to Buy Alcon Stock
Alcon Inc
Alcon, Inc. , an eye care company, researches, develops, manufactures, distributes, and sells eye care products for eye care professionals and their patients.
Alcon stock last closed at $79.57, up 1.47% from the previous day, and has increased 8.38% in one year. It has overperformed other stocks in the Medical Instruments & Supplies industry by 0.21 percentage points. Alcon stock is currently +14.59% from its 52-week low of $69.44, and -9.82% from its 52-week high of $88.23.
As of May 3, 2024, there are 493.24M ALC shares outstanding. The market cap of ALC is $39.25B. In the past 24 hours, 594,699 ALC shares were traded.
How to Buy Alcon Stock
Not sure how to invest in Alcon stock? Here's how.
- Figure out where to buy Alcon stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you figure out where to buy Alcon stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Research Alcon stock: The Alcon ticker symbol is ALC. Is Alcon stock a good investment? Should you buy shares of ALC? How do ALC's underlying business fundamentals look? Do top analysts think Alcon is a good buy? Why has ALC's stock price moved recently? (Hint: Our stock research website can help you figure out if ALC is a good stock to buy).
- Place your ALC buy order: Decide if you will purchase ALC shares at the current market price or use a limit order to purchase ALC stock at a given price.
- Keep an eye on your investment in ALC: Create a watchlist to keep tabs on your investment in Alcon stock.
Step 1: Figure out where to buy Alcon stock
You need a brokerage account to access the NYSE market and buy ALC shares.
Our preferred brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you can buy ALC today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
- Submit your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have created your account on the highest rated stock app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help depositing money into your new investment account.
Step 4: Research Alcon stock
After you have chosen the best place to buy Alcon stock, it's critical to analyze their stock prior to buying, so you truly comprehend the risk and upside.
Alcon Numbers
ALC Due Diligence Checks
WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ALC's stock page.
What is the fair value of ALC stock?
You can use many financial metrics, analyses, models, and charts to gauge ALC's true value.
Using relative valuations metrics:
- ALC may be undervalued based on its P/E ratio of 40.19x, relative to Medical Instruments & Supplies industry P/E ratio of 56.77x
- ALC could be undervalued based on its P/B ratio of 1.9x, relative to Medical Instruments & Supplies industry P/B ratio of 3.54x
- ALC could be overvalued based on its PEG ratio of 1.25x
You can access more valuation analysis on ALC's stock here.
A quick look at ALC Financials
Positive Health Checks:
- ALC profit margin has gone up from 3.8% to 10.3% in the past year.
- There are more short-term assets than short-term liabilities on the ALC balance sheet.
- ALC's operating cash flow of $1.39B allows it to safely service it's debt of $5.15B.
- ALC earnings of $1.02B is not enough to cover its interest payments.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the ALC balance sheet.
- Total ALC debt is higher than 5 years ago, relative to shareholder equity.
- ALC has a relatively high debt to equity ratio of 0.44.
Is it a good time to buy Alcon stock, according to analysts?
Out of 9 Wall Street analysts who research ALC, the consensus analyst rating on ALC is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent ALC Analyst Forecasts
Susannah Ludwig, a bottom 37% analyst from Bernstein maintains ALC with a buy rating and raises their ALC price target from $93.00 to $96.60, on Feb 29, 2024.
David Saxon, a top 11% analyst from Needham reiterates ALC with a buy rating and maintains their ALC price target from $86.00 to $86.00, on Feb 28, 2024.
Jeff Johnson, a top 13% analyst from Baird reiterates ALC with a buy rating and maintains their ALC price target from $94.00 to $94.00, on Jan 30, 2024.
Patrick Wood, a top 19% analyst from Morgan Stanley downgrades ALC to a strong sell rating and announces their ALC price target of $65.00, on Dec 4, 2023.
You can dive deeper into what analysts are saying on the Alcon stock forecast page.
Metrics for Advanced ALC Traders
ALC Performance Metrics
Last year, ALC earnings were $974.00M. In the last 2 year, ALC's earnings have increased by 60.36% per year. This was faster than the Medical Instruments & Supplies industry average of 14.12%.
Last year, ALC revenue was $9.46B. In the last 5 year, ALC's revenue has gone up by 5.74% per year. This was slower than the Medical Instruments & Supplies industry average of 9.52%.
Dive into ALC's earnings and revenue performance here.
Latest Insiders Trades at ALC
Over the past 12 months, executives and large shareholders at ALC have not bought or sold any shares.
Research more about who owns ALC stock here.
Does ALC stock generate passive income?
No, Alcon doesn't provide an income stream by paying out dividends.
ALC Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your ALC buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Press the Open Trade button and your broker will place the order.
If you need more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your investment in ALC
Now that you own some ALC shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to monitor your ALC stock.
ALC Feed
How to Buy Stock in Alcon
To summarize, here are the 6 steps you need to take to buy Alcon stock right now:
- Figure out where to buy Alcon stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Alcon stock
- Place your ALC buy order
- Keep an eye on your investment in ALC
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Alcon, create a watchlist on WallStreetZen today.
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