Edwards Lifesciences Corp (NYSE: EW): Stock That Needs Special Handling

Currently, there are 601.10M common shares owned by the public and among those 592.96M shares have been available to trade.

The company’s stock has a 5-day price change of -27.90% and -29.13% over the past three months. EW shares are trading -18.20% year to date (YTD), with the 12-month market performance down to -31.93% lower. It has a 12-month low price of $58.93 and touched a high of $96.12 over the same period. EW has an average intraday trading volume of 3.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -29.61%, -29.52%, and -23.55% respectively.

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Institutional ownership of Edwards Lifesciences Corp (NYSE: EW) shares accounts for 84.68% of the company’s 601.10M shares outstanding.

It has a market capitalization of $37.58B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 25.67, while the earnings-per-share (ttm) stands at $2.43. The company has a PEG of 2.75 and a Quick Ratio of 2.87 with the debt-to-equity ratio at 0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.31% over the week and 3.03% over the month.

Earnings per share for the fiscal year are expected to increase by 8.88%, and 6.28% over the next financial year. EPS should shrink at an annualized rate of 9.34% over the next five years, compared to 15.35% over the past 5-year period.

Looking at the support for the EW, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on July 25, 2024, with the firm’s price target at $110-$82. TD Cowen coverage for the Edwards Lifesciences Corp (EW) stock in a research note released on July 25, 2024 offered a Hold rating with a price target of $70. Robert W. Baird was of a view on July 25, 2024 that the stock is Neutral, while JP Morgan gave the stock Neutral rating on July 25, 2024, issuing a price target of $105- $72. BofA Securities on their part issued Neutral rating on July 25, 2024.

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