Edwards Lifesciences Corp Given New $89.00 Price Target at BMO Capital Markets (EW)
Analysts at BMO Capital Markets raised their price target on shares of Edwards Lifesciences Corp (NYSE:EW) from $84.00 to $89.00 in a research report issued to clients and investors on Thursday. BMO Capital Markets’ price target points to a potential downside of 3.23% from the company’s current price.
Edwards Lifesciences Corp (NYSE:EW) traded up 1.91% on Thursday, hitting $91.97. 1,899,876 shares of the company’s stock traded hands. Edwards Lifesciences Corp has a one year low of $60.62 and a one year high of $94.50. The stock’s 50-day moving average is $85.98 and its 200-day moving average is $77.78. The company has a market cap of $9.712 billion and a P/E ratio of 13.02.
Edwards Lifesciences Corp (NYSE:EW) last announced its earnings results on Tuesday, July 29th. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.11. The company had revenue of $547.00 million for the quarter, compared to the consensus estimate of $545.10 million. During the same quarter last year, the company posted $0.82 earnings per share. Edwards Lifesciences Corp’s revenue was up 11.2% compared to the same quarter last year. On average, analysts predict that Edwards Lifesciences Corp will post $3.28 earnings per share for the current fiscal year.
In other Edwards Lifesciences Corp news, VP Patrick B. Verguet sold 5,000 shares of Edwards Lifesciences Corp stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $92.00, for a total transaction of $460,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Edwards Lifesciences Corp in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $81.00. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Edwards Lifesciences Corp in a research note on Wednesday. They now have a $73.00 price target on the stock, up previously from $67.00. Finally, analysts at Northland Securities raised their price target on shares of Edwards Lifesciences Corp from $90.00 to $100.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $90.00.
Edwards Lifesciences Corporation (NYSE:EW) is focused on technologies that treat structural heart disease and critically ill patients.
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