Edwards Lifesciences Corp (NYSE: EW): Analyst View Points To Future Growth

Edwards Lifesciences Corp (EW) concluded trading on Thursday at a closing price of $72.59, with 5.53 million shares of worth about $401.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.30% during that period and on Thursday the price saw a loss of about -1.95%. Currently the company’s common shares owned by public are about 589.80M shares, out of which, 579.56M shares are available for trading.

Stock saw a price change of -3.70% in past 5 days and over the past one month there was a price change of 2.92%. Year-to-date (YTD), EW shares are showing a performance of -1.95% which decreased to -3.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.93 but also hit the highest price of $96.12 during that period. The average intraday trading volume for Edwards Lifesciences Corp shares is 5.25 million. The stock is currently trading -1.62% below its 20-day simple moving average (SMA20), while that difference is up 2.59% for SMA50 and it goes to -6.54% lower than SMA200.

Edwards Lifesciences Corp (NYSE: EW) currently have 589.80M outstanding shares and institutions hold larger chunk of about 84.41% of that.

The stock has a current market capitalization of $42.81B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 10.47, while it has posted earnings per share of $6.93 in the same period. Its PEG reads 1.50 and has Quick Ratio of 2.89 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EW, volatility over the week remained 2.04% while standing at 2.43% over the month.

Stock’s fiscal year EPS is expected to rise by 2.39% while it is estimated to decrease by -4.72% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 15.35% made by the stock over the past 5-years.

Coverage by Morgan Stanley stated Edwards Lifesciences Corp (EW) stock as an Equal-weight in their note to investors on October 11, 2024, suggesting a price target of $70 for the stock. Stock get a Peer perform rating from Wolfe Research on July 29, 2024.

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