Oppenheimer Believes Edwards Lifesciences (EW) Won’t Stop Here


In a report released today, Suraj Kalia from Oppenheimer maintained a Buy rating on Edwards Lifesciences (EW), with a price target of $93.00. The company’s shares closed last Tuesday at $85.01, close to its 52-week high of $87.79.

According to TipRanks.com, Kalia is a 4-star analyst with an average return of 4.2% and a 53.4% success rate. Kalia covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Inspire Medical Systems, and Cardiovascular Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Edwards Lifesciences with a $91.85 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $87.79 and a one-year low of $51.51. Currently, Edwards Lifesciences has an average volume of 2.52M.

Based on the recent corporate insider activity of 134 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EW in relation to earlier this year. Last month, Catherine Szyman, the CVP, Critical Care of EW sold 20,355 shares for a total of $1,490,800.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Edwards Lifesciences Corp. engages in the patient-focused medical innovations for heart disease and critical care monitoring. Its products are categorized into three areas: Transcatheter Heart Valves, Surgical Structural Heart and Critical Care. The Transcatheter Heart Valves portfolio includes technologies designed to treat heart valve disease using catheter-based approaches as opposed to open surgical techniques. Its portfolio includes technologies designed for nonsurgical replacement of heart valves. The Surgical Structural Heart portfolio includes tissue heart valves and heart valve repair products for the surgical replacement or repair of a patient’s heart valve. The Critical Care portfolio products through hemodynamic monitoring system measures a patient’s heart function and fluid status in surgical and intensive care settings. The company was founded by Miles Lowell Edwards in 1958 and is headquartered in Irvine, CA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts