Are Edwards Lifesciences (EW) Shares a Sell Now? Guggenheim Has Downgraded Stock

October 2, 2018 - By Clifton Ray

Edwards Lifesciences Corporation (NYSE:EW) Logo

Edwards Lifesciences (EW) Receives a Downgrade

In a note revealed to investors on Tuesday morning, Guggenheim downgraded shares of Edwards Lifesciences (EW) to a lower Neutral rating from the previous Buy rating.

The stock decreased 4.26% or $7.27 during the last trading session, reaching $163.55. About 1.90 million shares traded or 50.54% up from the average. Edwards Lifesciences Corporation (EW) has risen 26.36% since October 2, 2017 and is uptrending. It has outperformed by 10.74% the S&P500.

Analysts await Edwards Lifesciences Corporation (NYSE:EW) to report earnings on October, 23. They expect $1.02 EPS, up 21.43 % or $0.18 from last year’s $0.84 per share. EW’s profit will be $213.57M for 40.09 P/E if the $1.02 EPS becomes a reality. After $1.24 actual EPS reported by Edwards Lifesciences Corporation for the previous quarter, Wall Street now forecasts -17.74 % negative EPS growth.

Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. The company has market cap of $34.25 billion. It offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves. It has a 53.71 P/E ratio. The firm also provides surgical heart valve therapy products, such as pericardial valves for aortic and mitral replacement, and minimally invasive aortic heart valve system; and tissue heart valves and repair products, which are used to replace or repair a patientÂ’s diseased or defective heart valve.

More notable recent Edwards Lifesciences Corporation (NYSE:EW) news were published by: which released: “BofA/Merrill Lynch Downgrades Edwards Lifesciences (EW) to Neutral” on October 02, 2018, also with their article: “Pre-Open Movers 10/02: (DTEA) (OMER) (CLVS) Higher; (SFIX) (NBEV) (VNE) Lower (more…)” published on October 02, 2018, published: “Midday Stock Roundup” on October 02, 2018. More interesting news about Edwards Lifesciences Corporation (NYSE:EW) were released by: and their article: “Premarket analyst action – healthcare” published on October 02, 2018 as well as‘s news article titled: “24 Stocks Moving In Tuesday’s Pre-Market Session” with publication date: October 02, 2018.

Edwards Lifesciences Corporation (NYSE:EW) Ratings Chart

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