Edwards Lifesciences Corp (NYSE:EW) Director William J. Phd Link sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $122.24, for a total value of $1,466,880.00. Following the transaction, the director now directly owns 24,596 shares in the company, valued at $3,006,615.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Edwards Lifesciences Corp (EW) traded up $0.46 on Tuesday, hitting $127.35. The stock had a trading volume of 1,016,167 shares, compared to its average volume of 1,381,409. The firm has a market cap of $26,750.00, a price-to-earnings ratio of 44.22, a P/E/G ratio of 1.86 and a beta of 0.63. Edwards Lifesciences Corp has a 12 month low of $89.20 and a 12 month high of $138.48. The company has a current ratio of 1.81, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15.
Edwards Lifesciences (NYSE:EW) last released its earnings results on Thursday, February 1st. The medical research company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $868.45 million. Edwards Lifesciences had a return on equity of 27.69% and a net margin of 18.11%. Edwards Lifesciences’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. equities analysts anticipate that Edwards Lifesciences Corp will post 4.49 EPS for the current year.
A number of research analysts have commented on EW shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $135.00 price objective (down from $155.00) on shares of Edwards Lifesciences in a report on Wednesday, October 25th. Evercore ISI started coverage on Edwards Lifesciences in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $140.00 price objective on the stock. Morgan Stanley upped their price objective on Edwards Lifesciences from $130.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. SunTrust Banks set a $124.00 price objective on Edwards Lifesciences and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $137.00 price objective on shares of Edwards Lifesciences in a report on Friday, December 8th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $141.15.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Edwards Lifesciences during the 4th quarter worth $128,000. Resources Investment Advisors Inc. grew its holdings in shares of Edwards Lifesciences by 66.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,170 shares of the medical research company’s stock worth $132,000 after purchasing an additional 465 shares in the last quarter. Exane Derivatives grew its holdings in shares of Edwards Lifesciences by 381.3% during the 4th quarter. Exane Derivatives now owns 1,213 shares of the medical research company’s stock worth $137,000 after purchasing an additional 961 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Edwards Lifesciences during the 2nd quarter worth $140,000. Finally, Dupont Capital Management Corp acquired a new stake in shares of Edwards Lifesciences during the 3rd quarter worth $142,000. 81.11% of the stock is currently owned by institutional investors.
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About Edwards Lifesciences
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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