How to Buy Sanofi Stock
Sanofi
Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.
Sanofi stock last closed at $54.42, up 0.83% from the previous day, and has increased 6% in one year. It has overperformed other stocks in the Drug Manufacturers - General industry by 0 percentage points. Sanofi stock is currently +47.44% from its 52-week low of $36.91, and -6.33% from its 52-week high of $58.10.
As of Mar 31, 2023, there are 1.26B shares of SNY outstanding. The market cap of SNY is $137.23B. In the last 24 hours, 2.03M SNY shares were traded.
How to Buy Sanofi Stock
Not sure how to invest in Sanofi stock? Here's how.
- Figure out where to buy Sanofi stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Sanofi stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your method of payment and add your info.
- Analyze Sanofi stock: The Sanofi ticker symbol is SNY. Is Sanofi stock a good investment? Should you buy shares of SNY? How do SNY's underlying business fundamentals look? Do top analysts think Sanofi is a good buy? Why has SNY's stock price moved recently? (Hint: Our stock market research website can help you figure out if SNY is a good stock to buy).
- Execute your SNY purchase: Decide if you will purchase SNY shares at the current market price or use a limit order to purchase SNY shares at a specific price.
- Get the latest scoop on your investment in SNY: Create a watchlist to track your position in Sanofi stock.
Step 1: Figure out where to buy Sanofi stock
You will need a brokerage account to access the NASDAQ market and buy SNY stock.
Our preferred brokerage: eToro
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Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal information so you are able to invest in SNY today.
How to Start a New Brokerage Account on eToro
- Click here to get started.
- Input your personal info to open your new trading account.
- Submit your information by clicking the "Create Account" button.
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 this video walkthrough for more details depositing funds into your new investment account.
Step 4: Analyze Sanofi stock
Once you have selected the best place to buy Sanofi stock, it's important to evaluate their stock before you buy, so you truly comprehend the risk and upside.
Sanofi quick stats
Sanofi Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on SNY's stock page.
Is SNY stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SNY's fair value.
Using relative valuations ratios:
- SNY could be undervalued based on its P/E ratio of 15.13x, relative to Drug Manufacturers - General industry P/E ratio of 27.48x
- SNY may be undervalued based on its P/B ratio of 1.71x, relative to Drug Manufacturers - General industry P/B ratio of 5.01x
You can do more valuation research on SNY's stock here.
Is SNY a healthy company?
Pros:
- SNY's operating cash flow of $11.32B allows it to safely service it's debt of $22.81B.
- There are more short-term assets than long-term liabilities on the SNY balance sheet.
- SNY earnings of $11.63B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the SNY balance sheet.
- SNY profit margin has gone up from 15.9% to 18.4% in the past year.
- Total SNY debt is lower than 5 years ago, relative to shareholder equity.
Cons:
- SNY has a relatively high debt to equity ratio of 0.69.
Is Sanofi stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Wall Street analysts who give recommendations on SNY, the consensus analyst rating on Sanofi is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent SNY Analyst Recommendations
Jasper Hellweg, a top 11% analyst from Argus Research maintains SNY with a strong buy rating and raises their SNY price target from $55.00 to $60.00, on Mar 27, 2023.
Maintaining his Strong Buy rating, Hellweg raised his price target on Sanofi S.A. by 9.1%.
The company's diverse portfolio, including branded pharmaceuticals, generics, vaccines, and consumer healthcare products is "appealing," the analyst said.
Furthermore, Sanofi has a strong new drug pipeline of 84 molecular entities and vaccine candidates, of which 28 are in Phase 3 trials or have been submitted for regulatory approval, Hellweg added.
You can dig deeper into what analysts are projecting on the Sanofi stock forecast page.
SNY Momentum
SNY Performance Numbers
Last year, SNY earnings were $9.00B. Over the past 5 year, SNY's earnings have grown by -2.42% per year. This was slower than the Drug Manufacturers - General industry average of 25.23%.
Last year, SNY revenue was $48.81B. In the past 5 year, SNY's revenue has gone up by 2.12% per year. This was slower than the Drug Manufacturers - General industry average of 8.27%.
You can analyze SNY's earnings and revenue performance here.
What are SNY insiders up to?
In the last 12 months, executives and large shareholders at SNY have not bought or sold any shares.
Research more about who owns SNY shares here.
Does SNY stock generate passive income?
Sanofi pays a dividend of 3.3%, compared to the Drug Manufacturers - General industry's average dividend yield of 3.02%. If you owned $1,000 worth of SNY stock, you would have received $33.02 last year.
Sanofi dividend payments have not consistently grown over the past decade and have not remained stable.
Find more info about Sanofi dividend yield and history here.
What do other traders have to say about SNY?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your SNY purchase
There are 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 the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open button and your broker will execute your order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in SNY
Now that you own some shares in SNY, you'll want to stay up-to-date on your new investment.
Start a watchlist to get notified of important updates regarding your SNY stock.
SNY Feed
How to Buy Stock in Sanofi
To reiterate, here are the 6 steps you need to take to buy Sanofi stock right now:
- Figure out where to buy Sanofi stock
- Open a brokerage account
- Fund your brokerage account
- Analyze Sanofi stock
- Execute your SNY purchase
- Get the latest scoop on your investment in SNY
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Sanofi, click below.
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