Wall Street Analyst Downgrade Edwards Lifesciences Corporation [EW]. What else is Wall St. saying

Edwards Lifesciences Corporation [NYSE: EW] plunged by -$0.94 during the normal trading session on Monday and reaching a high of $74.77 during the day while it closed the day at $74.10. The company report on November 1, 2022 that EDWARDS LIFESCIENCES ANNOUNCES $750 MILLION ACCELERATED SHARE REPURCHASE.


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Edwards Lifesciences (NYSE: EW) today announced that it has executed an accelerated share repurchase agreement (“ASR”) to repurchase $750 million of Edwards’ common stock.  With this transaction, Edwards has repurchased more than $1.7 billion of shares in 2022.

Under the terms of this ASR, Edwards will receive an initial delivery of approximately 8 million shares and the remainder at the maturity of the ASR.  The final number of shares to be repurchased will be based on the volume weighted average share price during the term of the agreement.  The company is funding the share repurchase under the ASR with its existing cash.

Edwards Lifesciences Corporation stock has also gained 0.80% of its value over the past 7 days. However, EW stock has declined by -21.30% in the 3 months of the year. Over the past six months meanwhile, it has lost -22.92% and lost -42.80% year-on date.

The market cap for EW stock reached $45.01 billion, with 619.80 million shares outstanding and 612.90 million shares in the current float. Compared to the average trading volume of 4.13M shares, EW reached a trading volume of 6162238 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 $94.27 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 2.00. 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.

Oppenheimer have made an estimate for Edwards Lifesciences Corporation shares, keeping their opinion on the stock as Perform, with their previous recommendation back on October 28, 2022. While these analysts kept the previous recommendation, Mizuho raised their target price to Buy. The new note on the price target was released on October 26, 2022, representing the official price target for Edwards Lifesciences Corporation stock. Previously, the target price had yet another raise to $96, while Barclays analysts kept a Overweight rating on EW stock.

The Average True Range (ATR) for Edwards Lifesciences Corporation is set at 2.85, with the Price to Sales ratio for EW stock in the period of the last 12 months amounting to 8.39. The Price to Book ratio for the last quarter was 7.39, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for EW in the course of the last twelve months was 43.13 with Quick ratio for the last quarter at 3.00.

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 0.80. With this latest performance, EW shares dropped by -12.63% in over the last four-week period, additionally sinking by -22.92% over the last 6 months – not to mention a drop of -36.68% 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 43.97, with the RSI for the last a single of trading hit 47.29, and the three-weeks RSI is set at 42.25 for Edwards Lifesciences Corporation [EW]. The present Moving Average for the last 50 days of trading for this stock 81.29, while it was recorded at 74.77 for the last single week of trading, and 97.97 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 +30.78 and a Gross Margin at +76.57. Edwards Lifesciences Corporation’s Net Margin is presently recorded at +28.73.

Return on Equity for this stock inclined to 28.88, with Return on Assets sitting at 19.10.

Edwards Lifesciences Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.00 and a Current Ratio set at 3.80.

Earnings per share (EPS) analysis for Edwards Lifesciences Corporation [EW] stock

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 10.64%.

Edwards Lifesciences Corporation [EW]: Insider Ownership positions

There are presently around $37,622 million, or 84.70% of EW stock, in the hands of institutional investors. The top three institutional holders of EW stocks are: BLACKROCK INC. with ownership of 52,402,436, which is approximately -5.989% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 50,911,104 shares of the stock with an approximate value of $3.77 billion in EW stocks shares; and STATE STREET CORP, currently with $1.99 billion in EW stock with ownership of nearly -0.338% of the company’s market capitalization.

Positions in Edwards Lifesciences Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 562 institutional holders increased their position in Edwards Lifesciences Corporation [NYSE:EW] by around 26,716,175 shares. Additionally, 582 investors decreased positions by around 28,360,479 shares, while 230 investors held positions by with 452,644,434 shares. The mentioned changes placed institutional holdings at 507,721,088 shares, according to the latest SEC report filing. EW stock had 102 new institutional investments in for a total of 6,591,051 shares, while 119 institutional investors sold positions of 2,013,787 shares during the same period.

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