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Edwards Lifesciences Corporation’s (NYSE:EW) Analysis Might Be Just What You’re Looking For

Edwards Lifesciences Corporation (NYSE:EW) traded at $77.11 at close of the session on Tuesday, 01/24/23, made a downward move of -3.68% on its previous day’s price.

Looking at the stock we see that its previous close was $80.06 and the beta (5Y monthly) reads 1.14 with the day’s price range being $77.03 – $80.11. The company has a trailing 12-month PE ratio of 33.19. In terms of its 52-week price range, EW has a high of $131.10 and a low of $67.13. The company’s stock has gained about 3.14% over that past 30 days.

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Edwards Lifesciences Corporation has a market cap of $47.18 billion and is expected to release its quarterly earnings report on Apr 24, 2023 – Apr 28, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.66, with the EPS growth for the year raised at $2.51 for 2022 and $2.68 for next year. These figures represent 13.10% and 6.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.41 billion, with a low of $1.31 billion and a high of $1.45 billion. The median projection represents growth squeezing down to 5.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $5.46 billion, or 4.40% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EW stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note that the PEG ratio for the EW stock currently stands at 3.00, and the current price level is 0.78% off its SMA20 and 2.44% from its 50-day simple moving average. The RSI (14) is pointing at 51.31 while the volatility over the past week is 2.46% and jumps to 2.39% over the past one month. The beta value is 1.01, while the average true range (ATR) is currently pointing at 1.92. The average price target for the stock over the next 12 months is $88.76, with the estimates having a low of $68.00 and a high of $100.00. These price ends are 11.81% and -29.68% off the current price level respectively, although investors could be excited at the prospect of a -19.31% if the EW share price touches on the median price of $92.00.

Let’s briefly compare Edwards Lifesciences Corporation (EW) stock to its peers. We find that current price change of -3.68% and -31.55% over the past 12 months for EW competes that of Abbott Laboratories (ABT), which has seen its stock price fall -1.30% in the last trading session and was -10.57% over the last one year. Another of its peers Medtronic plc (MDT) has dropped -1.91% previous session, and was -23.48% down over the past year, while Stryker Corporation (SYK) was also down -0.68% in the last session, while its price remained in the green at 0.42% over the same period. Edwards Lifesciences Corporation has a P/E ratio of 33.19 compared to Abbott Laboratories’s 25.28 and Medtronic plc’s 25.09. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to Edwards Lifesciences Corporation (NYSE:EW), we note that the average 3-month trading volume was 5.25 million, while that of the preceding 10-day period stands at 3.05 million. Current shares outstanding are 619.80 million.

The insiders hold 0.10% of the company’s shares while institutions hold 84.90%. The data shows that short shares as of Oct 13, 2022, stood at 7.45 million at a short ratio of 2.82. This represents a 1.20% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 6.54 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 3.35% up in year-to-date price movement.

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