A share price of Edwards Lifesciences Corp [EW] is currently trading at $70.61, up 1.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EW shares have gain 3.38% over the last week, with a monthly amount glided 6.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies downgraded its rating to Hold on September 18, 2024, and dropped its price target to $70. On July 31, 2024, upgrade upgraded it’s rating to Outperform. Wolfe Research upgraded its rating to a Peer Perform. Truist downgraded its rating to a Hold and reduced its price target to $82 on July 25, 2024. TD Cowen downgraded its rating to Hold for this stock on July 25, 2024, and downed its price target to $70. In a note dated July 25, 2024, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $102 to $70.
Edwards Lifesciences Corp experienced fluctuations in its stock price throughout the past year between $58.93 and $96.12. Currently, Wall Street analysts expect the stock to reach $91.7 within the next 12 months. Edwards Lifesciences Corp [NYSE: EW] shares were valued at $70.61 at the most recent close of the market. An investor can expect a potential return of 29.87% based on the average EW price forecast.
Analyzing the EW fundamentals
Trailing Twelve Months sales for Edwards Lifesciences Corp [NYSE:EW] were 6.00B which represents -9.43% decline. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.25%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 69.43 points at the first support level, and at 68.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.24, and for the 2nd resistance point, it is at 71.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Edwards Lifesciences Corp [NYSE:EW] is 3.71. Further, the Quick Ratio stands at 2.87, while the Cash Ratio is 1.35. Considering the valuation of this stock, the price to sales ratio is 7.09, the price to book ratio is 5.72 and price to earnings (TTM) ratio is 29.06.
Transactions by insiders
Recent insider trading involved BOBO DONALD E JR, CVP,Strategy/Corp Development, that happened on Oct 15 ’24 when 5000.0 shares were sold. CVP,Strategy/Corp Development, BOBO DONALD E JR completed a deal on Sep 11 ’24 to sell 5000.0 shares. Meanwhile, CVP, TMTT Chopra Daveen sold 1250.0 shares on Aug 20 ’24.
