At the time of writing, Edwards Lifesciences Corp [EW] stock is trading at $73.39, up 3.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EW shares have gain 4.54% over the last week, with a monthly amount glided 10.81%, 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.
For the past year, the stock price of Edwards Lifesciences Corp fluctuated between $58.93 and $96.12. Currently, Wall Street analysts expect the stock to reach $76.33 within the next 12 months. Edwards Lifesciences Corp [NYSE: EW] shares were valued at $73.39 at the most recent close of the market. An investor can expect a potential return of 4.01% based on the average EW price forecast.
Analyzing the EW fundamentals
According to Edwards Lifesciences Corp [NYSE:EW], the company’s sales were 5.87B for trailing twelve months, which represents an -8.54% plunge. 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 71.58 points at the first support level, and at 69.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.68, and for the 2nd resistance point, it is at 75.97.
Ratios To Look Out For
It is important to note that Edwards Lifesciences Corp [NYSE:EW] has a current ratio of 3.46. As well, the Quick Ratio is 2.89, while the Cash Ratio is 1.89. Considering the valuation of this stock, the price to sales ratio is 7.37, the price to book ratio is 4.53 and price to earnings (TTM) ratio is 10.59.
Transactions by insiders
Recent insider trading involved Ullem Scott B., CVP, Chief Financial Officer, that happened on Dec 09 ’24 when 11250.0 shares were sold. CVP,Strategy/Corp Development, BOBO DONALD E JR completed a deal on Dec 09 ’24 to sell 5000.0 shares. Meanwhile, Officer Ullem Scott B. bought 33750.0 shares on Dec 09 ’24.
