Edwards Lifesciences Corp [EW] stock prices are down -1.07% to $87.05 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EW shares have lost -0.78% over the last week, with a monthly amount drifted -4.24%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Edwards Lifesciences Corp [NYSE: EW] stock has seen the most recent analyst activity on May 30, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $107. Previously, Citigroup upgraded its rating to Buy on May 22, 2024, and elevated its price target to $105. On May 14, 2024, upgrade upgraded it’s rating to Buy. BofA Securities upgraded its rating to a Buy. Wells Fargo upgraded its rating to a Overweight but $94 remained the price target by the analyst firm on February 02, 2024. Evercore ISI downgraded its rating to In-line for this stock on January 04, 2024, and downed its price target to $77. In a note dated December 11, 2023, Citigroup downgraded an Neutral rating on this stock.
The stock price of Edwards Lifesciences Corp [EW] has been fluctuating between $60.57 and $96.12 over the past year. Currently, Wall Street analysts expect the stock to reach $112.05 within the next 12 months. Edwards Lifesciences Corp [NYSE: EW] shares were valued at $87.05 at the most recent close of the market. An investor can expect a potential return of 28.72% based on the average EW price forecast.
Analyzing the EW fundamentals
The Edwards Lifesciences Corp [NYSE:EW] reported sales of 6.14B for trailing twelve months, representing a surge of 9.50%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.21 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 86.45 points at the first support level, and at 85.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.97, and for the 2nd resistance point, it is at 88.88.
Ratios To Look Out For
It’s worth pointing out that Edwards Lifesciences Corp [NYSE:EW]’s Current Ratio is 3.75. As well, the Quick Ratio is 2.67, while the Cash Ratio is 1.1. Considering the valuation of this stock, the price to sales ratio is 8.54, the price to book ratio is 7.37 and price to earnings (TTM) ratio is 37.41.
Transactions by insiders
Recent insider trading involved Lippis Daniel J., CVP, JAPAC, that happened on Jul 11 ’24 when 500.0 shares were sold. CVP,Strategy/Corp Development, BOBO DONALD E JR completed a deal on Jul 10 ’24 to sell 5000.0 shares. Meanwhile, CVP, Chief Financial Officer Ullem Scott B. sold 5625.0 shares on Jun 20 ’24.
