Edwards Life Sciences Corp. (EW): Today's Featured Health Care Winner
(
) pushed the Health Care sector higher today making it today's featured health care winner. The sector as a whole closed the day up 0.3%. By the end of trading, Edwards Life rose $1.59 (1.9%) to $85.05 on average volume. Throughout the day, 999,875 shares of Edwards Life exchanged hands as compared to its average daily volume of 1.2 million shares. The stock ranged in a price between $82.65-$85.25 after having opened the day at $82.88 as compared to the previous trading day's close of $83.46. Other companies within the Health Care sector that increased today were:
(
), up 51.3%,
(
), up 24%,
Accelr8 Technology Corporation
(
), up 17.3%, and
(
), up 17.2%.
Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases or critically ill patients worldwide. Edwards Life has a market cap of $9.64 billion and is part of the
industry. The company has a P/E ratio of 41.2, below the average health services industry P/E ratio of 42.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 18% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Edwards Life a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates Edwards Life 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, increase in net income, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Edwards Life Ratings Report.
On the negative front,
(
), down 16.7%,
(
), down 13.2%,
(
), down 9.1%, and
(
), down 8.7%, were all losers within the health care sector with
(
) being today's health care sector loser.
- Use our health care section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health care sector could consider
Health Care Select Sector SPDR
(
) while those bearish on the health care sector could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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