For Edwards Lifesciences Corporation [EW], Analyst sees a drop to $66. What next?

Edwards Lifesciences Corporation [NYSE: EW] closed the trading session at $76.70 on 01/31/23. The day’s price range saw the stock hit a low of $74.96, while the highest price level was $76.85. The company report on January 31, 2023 that EDWARDS LIFESCIENCES REPORTS FOURTH QUARTER RESULTS.

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Edwards Lifesciences (NYSE: EW) today reported financial results for the quarter ended December 31, 2022.

The stocks have a year to date performance of 2.80 percent and weekly performance of -0.53 percent. The stock has been moved at -22.88 percent over the last six months. The stock has performed 1.98 percent around the most recent 30 days and changed 8.23 percent over the most recent 3-months.

If compared to the average trading volume of 4.86M shares, EW reached to a volume of 6267437 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 $91.09 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 2.20. 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.

Bernstein have made an estimate for Edwards Lifesciences Corporation shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 31, 2023. While these analysts kept the previous recommendation, Piper Sandler dropped their target price from $95 to $80. The new note on the price target was released on January 30, 2023, representing the official price target for Edwards Lifesciences Corporation stock. Previously, the target price had yet another drop from $95 to $75, while Stifel kept a Hold rating on EW stock.

The Average True Range (ATR) for Edwards Lifesciences Corporation is set at 1.86, with the Price to Sales ratio for EW stock in the period of the last 12 months amounting to 8.85. The Price to Book ratio for the last quarter was 7.65, with the Price to Cash per share for the same quarter was set at 2.81. Price to Free Cash Flow for EW in the course of the last twelve months was 45.48 with Quick ratio for the last quarter at 3.00.

EW stock trade performance evaluation

Edwards Lifesciences Corporation [EW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.53. With this latest performance, EW shares gained by 1.98% in over the last four-week period, additionally sinking by -22.88% over the last 6 months – not to mention a drop of -26.86% 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 48.97, with the RSI for the last a single of trading hit 45.69, and the three-weeks RSI is set at 49.61 for Edwards Lifesciences Corporation [EW]. The present Moving Average for the last 50 days of trading for this stock 75.72, while it was recorded at 77.36 for the last single week of trading, and 89.43 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 10.82%.

Edwards Lifesciences Corporation [EW]: Insider Ownership positions

There are presently around $38,303 million, or 84.90% 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 $3.9 billion in EW stocks shares; and STATE STREET CORP, currently with $2.06 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 January and at the time of the January reporting period, where 563 institutional holders increased their position in Edwards Lifesciences Corporation [NYSE:EW] by around 26,854,781 shares. Additionally, 568 investors decreased positions by around 29,684,775 shares, while 228 investors held positions by with 442,844,867 shares. The mentioned changes placed institutional holdings at 499,384,423 shares, according to the latest SEC report filing. EW stock had 112 new institutional investments in for a total of 6,236,659 shares, while 119 institutional investors sold positions of 2,629,476 shares during the same period.


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