Edwards Lifesciences shares surge on earnings beat, outlook

Stylized stock chart with a series of dollar signs sloping upwards

Stylized stock chart with a series of dollar signs sloping upwards

The Gateway '17 event, to be held at Cobo Center on June 20-21 and previously reported by Crain's, is expected to attract more than 1,000 US businesses, the company said in a news release. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. Edwards Lifesciences Corporation EW showed a Day High of 8.78% in today's Market that also showed a Day Low of 22.53%. The company has dropped -32.89% in past 3 months and in the last five trades has moved down -3.63%.

Shares of Edwards Lifesciences Corporation (NYSE:EW) traded up 0.03% on Tuesday, hitting $89.99. National Asset Management Inc. increased its position in shares of Edwards Lifesciences Corp by 1.0% in the third quarter.

While looking at the SMA values of Edwards Lifesciences Corp. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

The number of shares now held by investors is 211.19 Million.

Edwards Lifesciences (EW) stock rocketed to a six-month high Wednesday after the medical tech player reported "particular strength" in USA heart-valve-replacement sales, following several quarters of "ups and downs". Evercore ISI upgraded Edwards Lifesciences Corp from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $98.50 to $110.00 in a report on Monday, March 27th. The company has a market cap of $19.23 billion, a P/E ratio of 34.48 and a beta of 0.53. The stock closing price is now trading upward to its 50 day moving average with change of 16.64%, escalated to its 20 day moving average with figure of 14.96% and above its 200 day moving average with value 8.26%. Edwards Lifesciences Corp has $195 highest and $86 lowest target.

Edwards Lifesciences Corporation (NYSE:EW) had an increase of 17.31% in short interest. The firm earned $883.50 million during the quarter, compared to analyst estimates of $776.51 million.

The company reported an impressive total revenue of 2.96 Billion in the last fiscal year. Equities analysts forecast that Edwards Lifesciences Corp will post $3.41 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was posted by BBNS and is the sole property of of BBNS. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and global trademark and copyright laws. The medical research company reported $0.75 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.72 by $0.03. Finally, Deutsche Bank AG reissued a "hold" rating and issued a $100.00 target price on shares of Edwards Lifesciences Corp in a report on Sunday, February 5th. Novarro boosted his price target to 120 from 116 and maintained his outperform rating on Edwards. TCI Wealth Advisors Inc. now owns 1,044 shares of the medical research company's stock worth $126,000 after buying an additional 244 shares during the period. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the stock. This represents a change from most recent open price of 0.01%. Analysts expect $3.41 a share on revenue of $3.27 billion. Following the acquisition, the director now owns 2,524 shares in the company, valued at approximately $227,412.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

In other news, VP Donald E. Bobo, Jr. sold 13,720 shares of the business's stock in a transaction on Wednesday, April 5th. The firm's 50 day moving average price is $94.89 and its 200-day moving average price is $94.76.

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