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Analysts Raise Their Targets on EW ahead of Its Q3 2018 Results


Nov. 20 2020, Updated 3:35 p.m. ET

Analysts’ recommendations for Edwards Lifesciences

Edwards Lifesciences (EW) is a leading transcatheter heart valve manufacturer in the United States. The company has a market cap of $29.3 billion. In 2017, its sales were $3.4 billion. In the second quarter of 2018, it generated sales of $972 million.

The company is set to release its third-quarter earnings results after the market closes on October 23. In this article, we’ll look at analysts’ recommendations and target prices for EW ahead of its third-quarter earnings release.

According to an October 12 Reuters survey, which included 21 analysts covering EW stock, 62% of analysts (or 13) have recommended “buys” or “strong buys” on Edwards Lifesciences. Seven analysts have recommended “holds” on EW, and only one has recommended a “sell” on the stock.

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Target prices

As of October 12, analysts’ consensus target price for Edwards Lifesciences stock is $161.68, implying a potential ~15.3% return based on its closing price of $139.77 on October 11. Analysts’ 12-month target prices for peers Medtronic (MDT), Abbott Laboratories (ABT), and Boston Scientific (BSX) are $103.15, $76.31, and $103.15, respectively, representing potential returns of 10.8%, 11.6%, and 10.8%, respectively.

Analysts raised their target prices on EW stock

On October 11, Leerink raised its target price on Edwards Lifesciences from $140 to $155. On the same day, Morgan Stanley also increased its target price on EW stock from $150 to $157.

In the next article, we’ll talk about what to expect from Edwards Lifesciences’ sales in the third quarter.

Be sure to check out all the data we’ve added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!


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