Edwards Lifesciences (EW) Hits New Lifetime High
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Edwards Lifesciences as such a stock due to the following factors:
- EW has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $197.7 million.
- EW has traded 3,943 shares today.
- EW is trading at a new lifetime high.
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More details on EW:
Edwards Lifesciences Corporation provides products and technologies to treat structural heart disease and critically ill patients worldwide. EW has a PE ratio of 19.8. Currently there are 9 analysts that rate Edwards Lifesciences a buy, no analysts rate it a sell, and 8 rate it a hold.
The average volume for Edwards Lifesciences has been 943,300 shares per day over the past 30 days. Edwards Lifesciences has a market cap of $16.0 billion and is part of the health care sector and health services industry. The stock has a beta of 0.56 and a short float of 1% with 0.56 days to cover. Shares are up 16.5% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Edwards Lifesciences as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 1.1%. Since the same quarter one year prior, revenues rose by 11.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- EW's debt-to-equity ratio is very low at 0.27 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 4.06, which clearly demonstrates the ability to cover short-term cash needs.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Health Care Equipment & Supplies industry and the overall market, EDWARDS LIFESCIENCES CORP's return on equity significantly exceeds that of both the industry average and the S&P 500.
- Powered by its strong earnings growth of 47.05% and other important driving factors, this stock has surged by 85.48% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, EW should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income increased by 45.4% when compared to the same quarter one year prior, rising from $75.10 million to $109.20 million.
- You can view the full Edwards Lifesciences Ratings Report.
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