How to Buy Elanco Animal Health Stock
Elanco Animal Health Inc
Elanco Animal Health Incorporated, an animal health company, innovates, develops, manufactures, and markets products for companion and food animals.
Elanco Animal Health stock last closed at $13.57, up 1.19% from the previous day, and has increased 45.44% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.57 percentage points. Elanco Animal Health stock is currently +72.21% from its 52-week low of $7.88, and -19.61% from its 52-week high of $16.88.
At the moment, there are 492.97M shares of ELAN outstanding. The market value of ELAN is $6.69B. In the past 24 hours, 3.81M ELAN shares were traded.
How to Buy Elanco Animal Health Stock
Not sure how to invest in Elanco Animal Health stock? Here's how.
- Decide where to buy Elanco Animal Health stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Elanco Animal Health stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Pick your method of payment and add your info.
- Analyze Elanco Animal Health stock: The Elanco Animal Health ticker symbol is ELAN. Is Elanco Animal Health stock a good investment? Should you buy shares of ELAN? How do ELAN's underlying business fundamentals look? Do top analysts think Elanco Animal Health is a good buy? Why has ELAN's stock price moved recently? (Hint: Our stock research tools can help you decide if ELAN is a good stock to buy).
- Execute your ELAN buy order: Decide if you will purchase ELAN shares at the current market price or use a limit order to purchase ELAN stock at a particular price.
- Track your ELAN position: Create a watchlist to key updates about your position in Elanco Animal Health stock.
Step 1: Decide where to buy Elanco Animal Health stock
You need a brokerage account in order to access the NYSE market and buy ELAN shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you are able to buy ELAN today.
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- 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.
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Step 3: Fund your investment account
Now that you have finished signing up on app for stock market, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing money into your new brokerage account.
Step 4: Analyze Elanco Animal Health stock
Once you have figured out the best place to buy Elanco Animal Health stock, it's important to evaluate their stock before you buy, so you actually wrap your head around the risk as well as the upside.
Elanco Animal Health shares data
ELAN Overview
WallStreetZen was created to help part-time investors perform better fundamental analysis.
You can see all of the due diligence checks on ELAN's stock page.
Is ELAN stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge ELAN's intrinsic value.
Using relative valuations measures:
- ELAN may be undervalued based on its P/B ratio of 1.07x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.04x
You can do additional valuation analysis on ELAN's stock here.
ELAN Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the ELAN balance sheet.
Negative Financial Indicators:
- Total ELAN debt is higher than 5 years ago, relative to shareholder equity.
- ELAN profit margin has gone down from -1.8% to -27.9% in the past year.
- There are more long-term liabilities than short-term assets on the ELAN balance sheet.
- ELAN's operating cash flow of $271.00M allows it to safely service it's debt of $5.77B.
- ELAN earnings of -$918.00M is not sufficient to cover its interest payments.
- ELAN has a relatively high debt to equity ratio of 1.31.
Is ELAN stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 6 Wall Street analysts who monitor ELAN, the consensus analyst rating on ELAN is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ELAN Analyst Recommendations
Glen Santangelo, a top 35% analyst from Jefferies initiates coverage on ELAN with a strong buy rating and announces their ELAN price target of $17.00, on Dec 19, 2023.
You can dive deeper into what analysts are saying on the Elanco Animal Health stock forecast page.
ELAN Technicals
How are ELAN Revenues/Earnings doing?
Last year, ELAN revenue was $4.42B. In the last 5 year, ELAN's revenue has grown by 7.57% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 30.7%.
You can research ELAN's earnings and revenue performance here.
Who is buying/selling ELAN?
Over the last year, executives and large shareholders at ELAN have sold more shares than they have bought.
Timothy J. Bettington, Executive Vice President Corporate Strategy and Market Development of ELAN, was the latest ELAN insider to sell. They sold $363,484.51 worth of ELAN stock on Apr 3, 2024.
Get more info about who owns ELAN stock here.
Does ELAN stock generate passive income?
No, Elanco Animal Health doesn't provide an income stream by paying out dividends.
What others are saying about ELAN
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Step 5: Execute your ELAN buy order
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
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Step 6: Track your ELAN position
Now that you own some ELAN shares, you'll want to stay up-to-date on your shares.
Put ELAN on a watchlist to see the latest developments about your ELAN stock.
ELAN Feed
How to Buy Stock in Elanco Animal Health
To summarize, here are the 6 steps for buying Elanco Animal Health stock:
- Decide where to buy Elanco Animal Health stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Elanco Animal Health stock
- Execute your ELAN buy order
- Track your ELAN position
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your investment in Elanco Animal Health, add ELAN to your watchlist below.
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