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How to Buy Eli Lilly & Co Stock

Eli Lilly & Co

Eli Lilly & Co is a general drug manufacturer company located in Indiana, United States, which is part of the Healthcare sector, and is traded under the ticker LLY on the NYSE exchange.

Eli Lilly & Co stock last closed at $792.28, up 1.3% from the previous day, and has increased 148.39% in one year. It has overperformed other stocks in the Drug Manufacturers - General industry by 1.21 percentage points. Eli Lilly & Co stock is currently +156.14% from its 52-week low of $309.32, and -1.06% from its 52-week high of $800.78.

At the moment, there are 950.16M shares of LLY outstanding. The market cap of LLY is $752.80B. In the past 24 hours, 3.85M LLY shares were traded.

How to Buy Eli Lilly & Co Stock

Wondering how to invest in Eli Lilly & Co stock? Here's how.
  1. Figure out where to buy Eli Lilly & Co stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you choose where to buy Eli Lilly & Co stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your payment method and add your info.
  4. Evaluate Eli Lilly & Co stock: The Eli Lilly & Co ticker symbol is LLY. Is Eli Lilly & Co stock a good investment? Should you buy shares of LLY? How do LLY's underlying business fundamentals look? Do top analysts think Eli Lilly & Co is a good buy? Why has LLY's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if LLY is a good stock to buy).
  5. Make your LLY buy order: Decide if you will purchase LLY shares at the current market price or use a limit order to buy LLY stock at a given price.
  6. Keep tabs on your LLY investment: Create a watchlist to get live updates on your investment in Eli Lilly & Co stock.

Step 1: Figure out where to buy Eli Lilly & Co stock

You will need a brokerage account in order to access the NYSE market and buy LLY stock.

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Step 2: Sign up for your brokerage account

Now that you've selected the right brokerage, you need to fill out some personal info so you can invest in LLY today.

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Step 3: Deposit funds into your brokerage account

Now that you've filled out your info on the best app for stock investing, you need to deposit funds:

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Step 4: Evaluate Eli Lilly & Co stock

After you have identified the best place to buy Eli Lilly & Co stock, it's important to research their stock before you invest, so you can wrap your head around the risk and opportunity.

Eli Lilly & Co Metrics

LLY Price
$792.28
1w %
2.64%
1y %
148.39%
5y %
521.59%
P/E
136.13x
P/B
69.89x
P/S
20.9x
PEG
2.52x
Revenue
$34.12B
Earnings
$5.24B
Fore. Rev. Growth
21.21%
Fore. Earn. Growth
53.96%
Market Cap
$752.80B
Next Earnings
Apr 30, 2024
Next Dividend
Mar 8, 2024

Fundamentals of LLY

WallStreetZen was created to help part-time investors do more in-depth fundamental analysis.

You can see all of the due diligence checks on LLY's stock page.

Is LLY stock properly valued?

Analysts use many financial metrics, analyses, models, and charts to gauge LLY's true value.

Using relative valuations ratios:

  • LLY could be undervalued based on its P/E ratio of 136.13x, relative to Drug Manufacturers - General industry P/E ratio of 149.83x
  • LLY may be overvalued based on its P/B ratio of 69.89x, relative to Drug Manufacturers - General industry P/B ratio of 6.07x
  • LLY could be overvalued based on its PEG ratio of 2.52x

You can do additional valuation analysis on LLY's stock here.

LLY Financial Health Overview

Positive Financial Indicators:

  • LLY earnings of $6.55B is not sufficient to cover its interest payments.

Negative Financial Indicators:

  • Total LLY debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the LLY balance sheet.
  • LLY has a relatively high debt to equity ratio of 4.93.
  • There are more short-term liabilities than short-term assets on the LLY balance sheet.
  • LLY's operating cash flow of $4.24B allows it to safely service it's debt of $25.23B.
  • LLY profit margin has gone down from 21.9% to 15.4% in the past year.

Do Wall Street analysts think it's a good time to buy LLY stock

Out of 14 Equities analysts who give recommendations on LLY, the consensus analyst rating on LLY is a Strong Buy

It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.

Most Recent LLY Analyst Upgrades/Downgrades

David Phung, a top 21% analyst from Morgan Stanley maintains LLY with a strong buy rating and raises their LLY price target from $763.00 to $805.00, on Feb 7, 2024.

Mohit Bansal, a top 9% analyst from Wells Fargo maintains LLY with a strong buy rating and raises their LLY price target from $700.00 to $825.00, on Feb 7, 2024.

Wells Fargo's Mohit Bansal raised their price target on Eli Lilly & Co (NYSE: LLY) by 17.9% from $700 to $825 on 2024/02/07. The analyst maintained their Strong Buy rating on the stock.

Following "solid" FY 2024 guidance and "encouraging" early data in NASH, Bansal said they feel "increasingly confident" about Eli Lilly's Buy thesis and now value Mounjaro's peak opportunity at $140B, up from $115B.

Footnotes

Earnings Report

Eli Lilly reported:

For Q4 2023:

  • EPS of $2.49, which beat the Zacks Consensus Estimate of $2.47 and, by 19%, Q4 2022’s $2.09.
  • Revenue of $9.35B, which beat the Zacks Consensus Estimate of $8.86B and, by 28%, Q4 2022’s $7.3B.

For FY 2023:

  • EPS of $6.32, which missed FY 2022’s $7.94 by 20.4%.
  • Revenue of $34.12B, which beat FY 2022’s $28.54B by 19.6%.

Management guided for FY 2024:

  • EPS of $12.20 to $12.70.
  • Revenue of $40.4B to $41.6B.

Chairman and CEO David A. Ricks commented: "2023 was a year of tremendous achievement for Lilly, which delivered life-changing medicines to more patients than ever before, resulting in strong revenue growth.

"We advanced our pipeline of new medicines for serious diseases and created new partnerships and innovative ways of collaborating to add to that pipeline.

“Lilly invested in the quality, reliability and resilience of our supply chain with new advanced manufacturing plants and lines in the U.S. and in Europe.

“Entering 2024, we remain focused on the opportunity in front of us, to help solve some of the most challenging healthcare problems in the world and make life better for millions of patients."

Evan Seigerman, a top 38% analyst from BMO Capital maintains LLY with a buy rating and raises their LLY price target from $710.00 to $865.00, on Feb 7, 2024.

Carter Gould, a top 17% analyst from Barclays maintains LLY with a strong buy rating and raises their LLY price target from $630.00 to $680.00, on Jan 23, 2024.

Eli Lilly, a bottom 48% analyst from Daiwa Capital downgrades LLY to a buy rating and announces their LLY price target of $610.00, on Dec 21, 2023.

You can dive deeper into what analysts are forecasting on the Eli Lilly & Co stock forecast page.

LLY Momentum

SMA10
766.34
SMA20
752.66
SMA50
672.51
SMA100
630.97
SMA200
563.05
MACD
30.38
MACD Signal
31.94
MACD Histogram
-1.56
RSI
72.94
Stochastic %K
69.95
Stochastic %D
58.98
StochRSI %K
20.54
StochRSI %D
10.57

Is LLY Making Money?

Last year, LLY earnings were $5.24B. Over the past five year, LLY's earnings have grown by 13.14% per year. This was faster than the Drug Manufacturers - General industry average of 1.22%.

Last year, LLY revenue was $34.12B. During the past five year, LLY's revenue has gone up by 9.69% per year. This was faster than the Drug Manufacturers - General industry average of 6.97%.

Dig into LLY's earnings and revenue performance here.

Who is buying/selling LLY?

In the last 12 months, executives and large shareholders at LLY have sold more shares than they have bought.

Kimberly H. Johnson, Director of LLY, was the latest LLY insider to buy. They bought $9,823.58 worth of LLY stock on Feb 20, 2024.

Research more about who owns LLY stock here.

Can I rely on LLY as an income stream?

Eli Lilly & Co pays a dividend of 0.59%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.25%. If you owned $1,000 of LLY stock, you would have been paid $5.92 in the past 12 months.

Eli Lilly & Co dividend payments have consistently grown over the past decade and have remained stable.

Dig into more data about Eli Lilly & Co dividend yield and history here.

What others are saying about LLY

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Step 5: Make your LLY buy order

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.

Press the Open Trade button and eToro will execute your order.

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Step 6: Keep tabs on your LLY investment

Now that you own some LLY shares, you'll want to keep up with your company.

Create a watchlist to see the latest developments about your LLY stock.

LLY Feed

How to Buy Stock in Eli Lilly & Co

To reiterate, here are the 6 steps you need to take to buy Eli Lilly & Co stock right now:

  1. Figure out where to buy Eli Lilly & Co stock
  2. Sign up for your brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Eli Lilly & Co stock
  5. Make your LLY buy order
  6. Keep tabs on your LLY investment

If you are looking for a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your investment in Eli Lilly & Co, add LLY to your watchlist by clicking the button below.

NYSE: LLY
$792.28+10.16 (+1.3%)
Updated Mar 4, 2024
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NYSE: LLY
$792.28+10.16 (+1.3%)
Updated Mar 4, 2024
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FAQ

How much does it cost to buy one Eli Lilly & Co share?

As of Mar 4, 2024, it costs $792.28 to buy one share of Eli Lilly & Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.126 shares of LLY.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Eli Lilly & Co stock?

According to 14 Wall Street analysts who monitor Eli Lilly & Co, their consensus recommendation is to buy Eli Lilly & Co stock.

What is the best way to buy Eli Lilly & Co stock?

One way to place an order for Eli Lilly & Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.