How to Buy Elevance Health Stock
Elevance Health Inc
Elevance Health is a healthcare plan company located in Indiana, United States, which is part of the Healthcare sector, and is traded under the ticker ELV on the NYSE exchange.
Elevance Health stock last closed at $545.85, up 0.45% from the previous day, and has increased 22.58% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.14 percentage points. Elevance Health stock is currently +26.54% from its 52-week low of $431.38, and -3.77% from its 52-week high of $567.26.
There are currently 231.89M shares of ELV outstanding. The market cap of ELV is $126.57B. In the past 24 hours, 724,664 ELV shares were traded.
How to Buy Elevance Health Stock
Wondering how to invest in Elevance Health stock? Here's how.
- Decide where to buy Elevance Health stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you decide where to buy Elevance Health stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Select your payment method and add your info.
- Research Elevance Health stock: The Elevance Health ticker symbol is ELV. Is Elevance Health stock a good investment? Should you buy shares of ELV? How do ELV's underlying business fundamentals look? Do top analysts think Elevance Health is a good buy? Why has ELV's stock price moved recently? (Hint: Our stock market research website can help you understand if ELV is a good stock to buy).
- Execute your ELV buy order: Decide if you will purchase ELV shares at the current market price or use a limit order to purchase ELV stock at a given price.
- Get the latest news on your ELV investment: Create a watchlist to keep tabs on your position in Elevance Health stock.
Step 1: Decide where to buy Elevance Health stock
You will need a brokerage account in order to access the NYSE market and buy ELV stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy ELV stock 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.
- Enter your personal data to start your new trading account.
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Step 3: Fund your brokerage account
Now that you have created your account on one of the best stock apps, you need to deposit funds:
Watch the tutorial below to see the process of transferring funds into your investment account.
Step 4: Research Elevance Health stock
After you have identified the best place to buy Elevance Health stock, it's crucial to research their stock prior to investing, so you actually understand the risk as well as the opportunity.
Elevance Health Numbers
Elevance Health Due Diligence Checks
WallStreetZen was created to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on ELV's stock page.
Is ELV stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ELV's intrinsic value.
Using relative valuations metrics:
- ELV could be undervalued based on its P/E ratio of 19.01x, relative to Healthcare Plans industry P/E ratio of 32.43x
- ELV could be undervalued based on its P/B ratio of 3x, relative to Healthcare Plans industry P/B ratio of 3.2x
- ELV could be overvalued based on its PEG ratio of 1.08x
You can access more valuation research on ELV's stock here.
ELV Financials at a glance
Signs that ELV is financially healthy:
- ELV profit margin has gone up from 3.8% to 3.9% in the past year.
- There are more short-term assets than short-term liabilities on the ELV balance sheet.
- ELV earnings of $9.65B is not enough to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ELV balance sheet.
Signs that ELV is not financially healthy:
- Total ELV debt is higher than 5 years ago, relative to shareholder equity.
- ELV has a relatively high debt to equity ratio of 1.68.
- ELV's operating cash flow of $2.07B allows it to safely service it's debt of $27.69B.
Is it a good time to buy Elevance Health stock, according to Wall Street analysts?
Out of 13 Wall Street analysts who monitor ELV, the consensus analyst rating on ELV is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent ELV Analyst Upgrades/Downgrades
Ben Hendrix, a top 5% analyst from RBC Capital maintains ELV with a buy rating and raises their ELV price target from $575.00 to $585.00, on Jul 18, 2024.
Kevin Fischbeck, a bottom 12% analyst from Bank of America downgrades ELV to a hold rating and lowers their ELV price target from $646.00 to $530.00, on Jul 18, 2024.
David S Macdonald, a top 4% analyst from Truist Securities maintains ELV with a strong buy rating and raises their ELV price target from $600.00 to $620.00, on Jul 15, 2024.
Truist Securities's David S Macdonald raised their price target on Elevance Health (NYSE: ELV) by 3.3% from $600 to $620 on 2024/07/15. The analyst maintained their Strong Buy rating on the stock.
Macdonald's price target hike was part of a pre-print review of names in their Healthcare Services coverage area.
The analyst told investors that the sector offers "attractive core demand drivers," M&A opportunities, and solid relative positioning.
Although "ongoing selectivity" is crucial, Macdonald said they are nevertheless optimistic about long-term drivers, which include demographics, the shift to value-based care, and the redirection of service sites.
The analyst believes those "long-term drivers" will support healthy expansion in the group.
Regarding Elevance Health, Macdonald believes that Elevance Health's partnership with Clayton and Dubilier & Rice, which was signed on 2024/04/15, is "a meaningful growth opportunity paving the way for further downside risk penetration."
Elevance Health will report its Q2 2024 earnings on 2024/07/17.
Footnotes
Yahoo Finance reports that the current consensus EPS estimate for the company's Q2 is $10.01 which, if achieved, would represent a 10.73% increase over Q2 2023's $9.04.
Erin Wright, a top 4% analyst from Morgan Stanley initiates coverage on ELV with a strong buy rating and announces their ELV price target of $643.00, on Jun 24, 2024.
Lisa Gill, a top 18% analyst from JP Morgan maintains ELV with a strong buy rating and raises their ELV price target from $628.00 to $631.00, on May 30, 2024.
You can dive deeper into what analysts are saying on the Elevance Health stock forecast page.
ELV Technicals
Is ELV Making Money?
Last year, ELV earnings were $6.69B. During the past five year, ELV's earnings have gone up by 12.68% per year. This was faster than the Healthcare Plans industry average of 4.59%.
Last year, ELV revenue was $171.96B. Over the last five year, ELV's revenue has increased by 12.19% per year. This was slower than the Healthcare Plans industry average of 12.92%.
Dig into ELV's earnings and revenue performance here.
Latest Insiders Trades at ELV
In the last 12 months, insiders at ELV have sold more shares than they have bought.
Ramiro G. Peru, Director of ELV, was the latest ELV insider to sell. They sold $400,234.56 worth of ELV shares on Aug 5, 2024.
Get more info about who owns ELV shares here.
Can I rely on ELV as an income stream?
Elevance Health pays a dividend of 1.17%, compared to the Healthcare Plans industry's average dividend yield of 1.85%. If you owned $1,000 worth of ELV stock, you would have received $11.67 in the past 12 months.
Elevance Health dividend payments have consistently grown over the past decade and have remained stable.
Find more analysis about Elevance Health dividend yield and history here.
What do other investors have to say about ELV?
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your ELV buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Click the Open button and your broker will execute the order.
If you need more info about buying stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your ELV investment
Now that you own some shares in ELV, you'll want to keep up with your new company.
Make a watchlist to get alerted to the latest events about your ELV stock.
ELV Feed
How to Buy Stock in Elevance Health
To reiterate, here are the 6 steps to buy stock in Elevance Health:
- Decide where to buy Elevance Health stock
- Create a brokerage account
- Fund your brokerage account
- Research Elevance Health stock
- Execute your ELV buy order
- Get the latest news on your ELV investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Elevance Health, create your watchlist below.
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