Edwards Lifesciences Corp [EW] stock is trading at $66.16, down -0.54%. 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 0.49% over the last week, with a monthly amount drifted -3.13%, and not 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 [EW] stock has fluctuated between $58.93 and $96.12 over the past year. Currently, Wall Street analysts expect the stock to reach $88.04 within the next 12 months. Edwards Lifesciences Corp [NYSE: EW] shares were valued at $66.16 at the most recent close of the market. An investor can expect a potential return of 33.07% based on the average EW price forecast.
Analyzing the EW fundamentals
Edwards Lifesciences Corp [NYSE:EW] reported sales of 5.87B for the trailing twelve months, which represents a drop of -8.54%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.71%. To continue investigating profitability, this company’s Return on Assets is posted at 0.32, Equity is 0.54 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
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 65.43 points at the first support level, and at 64.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.28, and for the 2nd resistance point, it is at 68.41.
Ratios To Look Out For
For context, Edwards Lifesciences Corp’s Current Ratio is 3.46. Further, the Quick Ratio stands at 2.89, while the Cash Ratio is 1.89. Considering the valuation of this stock, the price to sales ratio is 6.64, the price to book ratio is 4.09 and price to earnings (TTM) ratio is 9.54.
Transactions by insiders
Recent insider trading involved BOBO DONALD E JR, CVP,Strategy/Corp Development, that happened on Nov 13 ’24 when 5000.0 shares were sold. Officer, BOBO DONALD E JR completed a deal on Nov 13 ’24 to buy 15000.0 shares. Meanwhile, Global President TAVR & Surg Wood Larry L sold 25000.0 shares on Nov 05 ’24.
