Edwards Lifesciences Corporation (EW) Given Average Rating of “Buy” by Brokerages
Shares of Edwards Lifesciences Corporation (NYSE:EW) have been assigned an average recommendation of “Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $120.32.
A number of equities analysts have issued reports on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Edwards Lifesciences Corporation in a research note on Wednesday, June 28th. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Edwards Lifesciences Corporation in a research note on Thursday, October 12th. BidaskClub cut shares of Edwards Lifesciences Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of Edwards Lifesciences Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Bank of America Corporation raised their price objective on shares of Edwards Lifesciences Corporation from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 27th.
In other Edwards Lifesciences Corporation news, VP Larry L. Wood sold 18,960 shares of Edwards Lifesciences Corporation stock in a transaction on Monday, October 16th. The shares were sold at an average price of $108.54, for a total value of $2,057,918.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Catherine M. Szyman sold 4,681 shares of Edwards Lifesciences Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $115.78, for a total transaction of $541,966.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,161 shares of company stock worth $22,826,072. 2.13% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of EW. BlackRock Inc. increased its stake in Edwards Lifesciences Corporation by 2,184.9% in the 1st quarter. BlackRock Inc. now owns 14,003,695 shares of the medical research company’s stock valued at $1,317,326,000 after buying an additional 13,390,818 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Edwards Lifesciences Corporation by 161.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,304,536 shares of the medical research company’s stock valued at $627,207,000 after buying an additional 3,277,726 shares during the last quarter. Egerton Capital UK LLP acquired a new stake in Edwards Lifesciences Corporation in the 2nd quarter valued at $217,805,000. Koch Industries Inc. increased its stake in Edwards Lifesciences Corporation by 28,363.1% in the 2nd quarter. Koch Industries Inc. now owns 1,397,254 shares of the medical research company’s stock valued at $1,386,000 after buying an additional 1,392,345 shares during the last quarter. Finally, Wedgewood Partners Inc. acquired a new stake in Edwards Lifesciences Corporation in the 1st quarter valued at $106,963,000. Hedge funds and other institutional investors own 81.90% of the company’s stock.
Edwards Lifesciences Corporation (EW) traded up 0.94% during midday trading on Friday, reaching $113.08. The company’s stock had a trading volume of 1,127,754 shares. The firm has a 50-day moving average price of $111.15 and a 200 day moving average price of $111.91. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 34.30 and a beta of 0.62. Edwards Lifesciences Corporation has a 52-week low of $81.12 and a 52-week high of $121.45.
Edwards Lifesciences Corporation (NYSE:EW) last issued its quarterly earnings results on Wednesday, July 26th. The medical research company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.20. The business had revenue of $842.00 million during the quarter, compared to analyst estimates of $839.16 million. Edwards Lifesciences Corporation had a net margin of 22.16% and a return on equity of 27.17%. Edwards Lifesciences Corporation’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Equities research analysts predict that Edwards Lifesciences Corporation will post $3.78 EPS for the current fiscal year.
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Edwards Lifesciences Corporation Company Profile
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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