Wells Fargo raised the price target for the Edwards Lifesciences Corporation (NYSE:EW) stock to “an Equal weight”. The rating was released on July 30, 2021. We previously noted in another research note published on July 30, 2021 by UBS that reiterated the stock to a Neutral with a price target of $115 for EW stock. The research report from Stifel has reiterated the stock to Buy, with a price target set at $120. The stock was reiterated by Oppenheimer, who disclosed in a research note on July 30, 2021, to Outperform and set the price objective to $120. In their research brief published July 30, 2021, Morgan Stanley analysts reiterated the Edwards Lifesciences Corporation stock to Overweight with a price target of $135.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Edwards Lifesciences Corporation (NYSE:EW) dipped -1.92% to close Tuesday’s market session at $112.63, lower as compared to yesterday’s close. The stock price fluctuated between $111.30 and $115.00 throughout the trading session with the volume trading being 2373374 shares, which represented a significant variation when compared to the three months average volume of 2.13 million shares. The firm’s stock price fluctuated -5.38% within the last five trades and -3.98% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 17.32% in the last 6 months and -3.75% was subtracted to its value over the previous 3 months. EW stock is trading at a margin of -4.01%, -2.60% and 9.99% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, EW deals in the Healthcare domain. The stock is trading -8.63 percent below its 52-week high and 43.59 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 30.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Edwards Lifesciences Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 32.70 percent and the profit margin is 29.00 percent, and the company has reported a gross margin of 75.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $70.32 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Edwards Lifesciences Corporation (NYSE:EW) is 48.26. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 43.59. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 13.80 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 12.67, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Edwards Lifesciences Corporation shares are owned by insiders, and 85.80 percent are held by financial institutions. Szyman Catherine M., the CVP, Critical Care at Edwards Lifesciences Corporation (EW) has sold 10,000 shares of firm on Nov 18 at a price of $117.79 against the total amount of $1.18 million. In another inside trade, Wood Larry L, CVP, TAVR of Edwards Lifesciences Corporation (NYSE:EW) sold 7,830 shares of the firm on Nov 10 for a total worth of $0.94 million at a price of $119.79. An inside trade which took place on Nov 09, Chairman & CEO of Edwards Lifesciences Corporation MUSSALLEM MICHAEL A sold 32,550 shares of firm against total price of $3.9 million at the cost of $119.90 per share.