SunTrust Banks restated their buy rating on shares of Edwards Lifesciences (NYSE:EW) in a report released on Tuesday morning. They currently have a $180.00 price objective on the medical research company’s stock. SunTrust Banks also issued estimates for Edwards Lifesciences’ Q1 2018 earnings at $1.12 EPS, Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.05 EPS, Q4 2018 earnings at $1.21 EPS, FY2018 earnings at $4.55 EPS, Q1 2019 earnings at $1.30 EPS, Q2 2019 earnings at $1.34 EPS, Q3 2019 earnings at $1.22 EPS, Q4 2019 earnings at $1.40 EPS and FY2019 earnings at $5.25 EPS.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Edwards Lifesciences from a hold rating to a buy rating and set a $145.00 price objective for the company in a research report on Thursday, February 8th. Guggenheim reissued a buy rating and set a $162.00 target price on shares of Edwards Lifesciences in a report on Friday, February 2nd. JMP Securities boosted their target price on Edwards Lifesciences from $135.00 to $140.00 and gave the stock a market outperform rating in a report on Friday, February 2nd. Cowen reissued a buy rating and set a $150.00 target price on shares of Edwards Lifesciences in a report on Thursday, February 1st. Finally, Stifel Nicolaus reissued a buy rating and set a $155.00 target price on shares of Edwards Lifesciences in a report on Friday, February 2nd. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $145.92.
Shares of NYSE EW opened at $137.84 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.80 and a quick ratio of 1.41. The company has a market cap of $29,252.10, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.58. Edwards Lifesciences has a 12-month low of $93.67 and a 12-month high of $143.22.
In other Edwards Lifesciences news, VP Donald E. Bobo, Jr. sold 5,300 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $127.24, for a total value of $674,372.00. Following the transaction, the vice president now owns 24,908 shares of the company’s stock, valued at $3,169,293.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jean-Luc M. Lemercier sold 5,633 shares of the company’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $139.42, for a total value of $785,352.86. The disclosure for this sale can be found here. Insiders sold 197,236 shares of company stock worth $26,375,070 in the last ninety days. 1.84% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in EW. Cerebellum GP LLC acquired a new stake in Edwards Lifesciences during the 4th quarter valued at $128,000. Resources Investment Advisors Inc. raised its stake in Edwards Lifesciences by 66.0% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,170 shares of the medical research company’s stock valued at $132,000 after purchasing an additional 465 shares during the period. Exane Derivatives raised its stake in Edwards Lifesciences by 381.3% during the 4th quarter. Exane Derivatives now owns 1,213 shares of the medical research company’s stock valued at $137,000 after purchasing an additional 961 shares during the period. Lake Street Advisors Group LLC acquired a new stake in Edwards Lifesciences during the 4th quarter valued at $201,000. Finally, Captrust Financial Advisors acquired a new stake in Edwards Lifesciences during the 4th quarter valued at $204,000. 82.96% of the stock is currently owned by institutional investors.
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About Edwards Lifesciences
Edwards Lifesciences Corporation is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company is engaged in patient-focused innovations for structural heart disease and critical care monitoring. Its segments include United States, Europe, Japan and Rest of World.
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