Edwards Lifesciences (EW) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Edwards Lifesciences in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EW, but not buy additional shares or sell existing shares.
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18 brokers have issued 1-year price targets for Edwards Lifesciences' stock. Their EW share price forecasts range from $66.00 to $110.00. On average, they expect the company's stock price to reach $89.63 in the next year. This suggests a possible upside of 9.3% from the stock's current price.
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Edwards Lifesciences' stock was trading at $74.61 at the start of the year. Since then, EW stock has increased by 9.9% and is now trading at $82.01.
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Edwards Lifesciences saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,840,000 shares, an increase of 7.2% from the April 30th total of 9,180,000 shares. Based on an average daily volume of 3,100,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Edwards Lifesciences Co. (NYSE:EW) announced its earnings results on Wednesday, April, 26th. The medical research company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The medical research company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.39 billion. Edwards Lifesciences had a net margin of 27.07% and a trailing twelve-month return on equity of 25.81%. Edwards Lifesciences's revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share.
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ETFs with the largest weight of Edwards Lifesciences (NYSE:EW) stock in their portfolio include iShares U.S. Medical Devices ETF (IHI), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), Neuberger Berman Disrupters ETF (NBDS), Hennessy Stance ESG Large Cap ETF (STNC), Goldman Sachs Future Health Care Equity ETF (GDOC), Global X Aging Population ETF (AGNG), ETC 6 Meridian Quality Growth ETF (SXQG) and Inspire 100 ETF (BIBL).

Edwards Lifesciences shares split before market open on Friday, May 29th 2020. The 3-1 split was announced on Thursday, May 7th 2020. The newly minted shares were payable to shareholders after the closing bell on Monday, May 18th 2020. An investor that had 100 shares of stock prior to the split would have 300 shares after the split.

Edwards Lifesciences issued an update on its FY23 earnings guidance on Wednesday, April, 26th. The company provided earnings per share (EPS) guidance of $2.48-$2.60 for the period, compared to the consensus EPS estimate of $2.51. The company issued revenue guidance of $5.6-$6.0 billion, compared to the consensus revenue estimate of $5.85 billion.

389 employees have rated Edwards Lifesciences Chief Executive Officer Michael A. Mussallem on Glassdoor.com. Michael A. Mussallem has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Edwards Lifesciences investors own include NVIDIA (NVDA), Alibaba Group (BABA), Home Depot (HD), Salesforce (CRM), Walt Disney (DIS), Visa (V), Johnson & Johnson (JNJ), QUALCOMM (QCOM), Micron Technology (MU) and CVS Health (CVS).

Edwards Lifesciences trades on the New York Stock Exchange (NYSE) under the ticker symbol "EW."

Edwards Lifesciences' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.51%), State Street Corp (4.44%), Bank of New York Mellon Corp (3.00%), Wellington Management Group LLP (2.61%), Brown Advisory Inc. (2.32%) and Geode Capital Management LLC (2.01%). Insiders that own company stock include Bernard J Zovighian, Catherine M Szyman, Catherine M Szyman, Daveen Chopra, Donald E Bobo Jr, Heisz Leslie Stone, Huimin Wang, Jean-Luc M Lemercier, Kieran Gallahue, Larry L Wood, Martha H Marsh, Michael A Mussallem, Michael A Mussallem, Nicholas J Valeriani, Robert WA Sellers and Scott B Ullem.
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Shares of EW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EW stock can currently be purchased for approximately $82.01.

Edwards Lifesciences (NYSE:EW) has a market capitalization of $49.72 billion and generates $5.38 billion in revenue each year. The medical research company earns $1.52 billion in net income (profit) each year or $2.41 on an earnings per share basis.

The company employs 17,300 workers across the globe.

Edwards Lifesciences' mailing address is ONE EDWARDS WAY, IRVINE CA, 92614. The official website for the company is www.edwards.com. The medical research company can be reached via phone at (949) 250-2500, via email at investor_relations@edwards.com, or via fax at 949-250-2525.