Edwards Lifesciences Corporation [NYSE: EW] surged by $0.18 during the normal trading session on Wednesday and reaching a high of $79.77 during the day while it closed the day at $78.77.
Edwards Lifesciences Corporation stock has also gained 0.24% of its value over the past 7 days. However, EW stock has inclined by 6.95% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.03% and gained 1.29% year-on date.
The market cap for EW stock reached $49.81 billion, with 620.30 million shares outstanding and 617.56 million shares in the current float. Compared to the average trading volume of 2.85M shares, EW reached a trading volume of 2564490 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Edwards Lifesciences Corporation [EW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EW shares is $85.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EW stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Edwards Lifesciences Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 28, 2020. The new note on the price target was released on April 17, 2020, representing the official price target for Edwards Lifesciences Corporation stock. Previously, the target price had yet another raise to $252, while Citigroup analysts kept a Buy rating on EW stock.
The Average True Range (ATR) for Edwards Lifesciences Corporation is set at 1.87, with the Price to Sales ratio for EW stock in the period of the last 12 months amounting to 11.52. The Price to Book ratio for the last quarter was 12.73, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for EW in the course of the last twelve months was 53.17 with Quick ratio for the last quarter at 2.20.
EW stock trade performance evaluation
Edwards Lifesciences Corporation [EW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.24. With this latest performance, EW shares gained by 3.73% in over the last four-week period, additionally plugging by 1.03% over the last 6 months – not to mention a rise of 6.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EW stock in for the last two-week period is set at 59.52, with the RSI for the last a single of trading hit 59.46, and the three-weeks RSI is set at 58.57 for Edwards Lifesciences Corporation [EW]. The present Moving Average for the last 50 days of trading for this stock 73.30, while it was recorded at 78.65 for the last single week of trading, and 73.76 for the last 200 days.
Edwards Lifesciences Corporation [EW]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Edwards Lifesciences Corporation [EW] shares currently have an operating margin of +27.55 and a Gross Margin at +73.43. Edwards Lifesciences Corporation’s Net Margin is presently recorded at +24.08.
Return on Total Capital for EW is now 27.98, given the latest momentum, and Return on Invested Capital for the company is 24.53. Return on Equity for this stock inclined to 28.73, with Return on Assets sitting at 17.73. When it comes to the capital structure of this company, Edwards Lifesciences Corporation [EW] has a Total Debt to Total Equity ratio set at 16.36. Additionally, EW Total Debt to Total Capital is recorded at 14.06, with Total Debt to Total Assets ending up at 10.46. Long-Term Debt to Equity for the company is recorded at 15.75, with the Long-Term Debt to Total Capital now at 13.53.
Reflecting on the efficiency of the workforce at the company, Edwards Lifesciences Corporation [EW] managed to generate an average of $75,317 per employee. Receivables Turnover for the company is 7.65 with a Total Asset Turnover recorded at a value of 0.74.Edwards Lifesciences Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 3.10.
Earnings per share (EPS) analysis for Edwards Lifesciences Corporation [EW] stock
With the latest financial reports released by the company, Edwards Lifesciences Corporation posted 0.47/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 14.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Edwards Lifesciences Corporation go to 12.17%.
Edwards Lifesciences Corporation [EW]: Insider Ownership positions
There are presently around $40,189 million, or 85.50% of EW stock, in the hands of institutional investors. The top three institutional holders of EW stocks are: BLACKROCK INC. with ownership of 59,443,975, which is approximately 6.189% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 49,428,510 shares of the stock with an approximate value of $3.89 billion in EW stocks shares; and STATE STREET CORP, currently with $2.15 billion in EW stock with ownership of nearly 0.931% of the company’s market capitalization.
Positions in Edwards Lifesciences Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 489 institutional holders increased their position in Edwards Lifesciences Corporation [NYSE:EW] by around 30,168,211 shares. Additionally, 473 investors decreased positions by around 34,769,342 shares, while 175 investors held positions by with 445,265,483 shares. The mentioned changes placed institutional holdings at 510,203,036 shares, according to the latest SEC report filing. EW stock had 115 new institutional investments in for a total of 6,200,764 shares, while 100 institutional investors sold positions of 5,213,565 shares during the same period.