Edwards Lifesciences (EW) Downgraded to Neutral at JPMorgan Chase & Co

The stock increased 0.33% or $0.53 during the last trading session, reaching $159.46. About 766,781 shares traded. It has underperformed by 9.37% the S&P500. EW's profit will be $190.46 million for 33.20 P/E if the $0.90 EPS becomes a reality. The medical research company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.02).

The stock increased 2.71% or $0.75 during the last trading session, reaching $28.4. About 3.20M shares traded or 69.25% up from the average. Edwards Lifesciences Corporation (NYSE:EW) has risen 15.41% since January 11, 2017 and is uptrending. It has underperformed by 1.29% the S&P500. Canaccord Genuity restated a "buy" rating and set a $155.00 price target on shares of Edwards Lifesciences in a report on Sunday, October 8th. Therefore 75% are positive. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company. The rating was upgraded by SunTrust to "Buy" on Thursday, January 21. 2017, Edwards Lifesciences Corporation (EW) delivered a 0.78% surprise with its net revenue. The stock has "Equalweight" rating by Barclays Capital on Wednesday, July 27. RBC Capital Markets reiterated an "outperform" rating and issued a $123.00 price target (down from $130.00) on shares of Edwards Lifesciences Corporation in a research report on Wednesday, October 26th. The stock of Edwards Lifesciences Corporation (NYSE:EW) earned "Buy" rating by Canaccord Genuity on Monday, September 4. As per Tuesday, July 25, the company rating was maintained by BMO Capital Markets. It offers transcatheter heart valve therapy products comprising transcatheter aortic heart valves and their delivery systems for the nonsurgical replacement of heart valves. 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 fix products, which are used to replace or fix a patient??s diseased or defective heart valve.

According to Edwards Lifesciences Corporation (EW) most recent 13F filing, the company has 80 new institutional holders - accounting for 2.38 million shares of its common stock. It also increased its holding in Weibo Corp (NASDAQ:WB) by 7,515 shares in the quarter, for a total of 10,521 shares, and has risen its stake in Ingredion Inc (NYSE:INGR). Sothebys (NYSE:BID) was reduced too.

Investors sentiment increased to Infinity in Q3 2017. Its down 0.22, from 1.26 in 2017Q2. It is negative, as 24 investors sold Imperva, Inc. shares while 39 reduced holdings. 0 funds opened positions while 1 raised stakes. Travelers Cos holds 343,432 shares or 7.35% of its portfolio. The insider, MUSSALLEM MICHAEL A, now holds 41,331 shares of EW. Miller Howard Invs Ny has invested 3.2% in MPLX LP (NYSE:MPLX). Baring Asset invested in 15,670 shares or 0.22% of the stock. Creative Planning reported 0% stake. (NYSE:MFC), 4 have Buy rating, 0 Sell and 2 Hold. Prudential Fincl Incorporated reported 0% of its portfolio in Imperva, Inc. Wealthtrust accumulated 200 shares. Chevy Chase Tru reported 42,928 shares stake. Northern Trust reported 419,293 shares. Moreover, Peak6 Invs Limited Partnership has 0% invested in Imperva, Inc. Schafer Cullen Capital Mgmt holds 0% or 6,174 shares.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 23% are positive. Manulife Financial Corp. had 10 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with "Buy" on Thursday, October 26.

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Edwards Lifesciences announced that its board has approved a stock buyback program on Thursday, December 7th that allows the company to repurchase $1.00 billion in shares.

The stock's 50-day average volume has been 1,445,854 shares, with an average of 100% of medium term indicators pointing toward Buy. The stock has "Neutral" rating by Mizuho on Friday, October 28. Jefferies maintained it with "Buy" rating and $132.0 target in Tuesday, October 10 report. On Wednesday, January 6 the stock rating was reinitiated by JMP Securities with "Mkt Perform". The stock of Manulife Financial Corporation (NYSE:MFC) earned "Equal-Weight" rating by Morgan Stanley on Monday, November 13. The company was downgraded on Friday, April 8 by Evercore. The rating was initiated by Bank of America on Friday, December 11 with "Neutral".

Since September 13, 2017, it had 0 insider purchases, and 2 insider sales for $247,258 activity. 5,953 shares were sold by PUHY DOROTHY E, worth $304,105. Bromley C Corwin sold $173,258 worth of stock or 5,000 shares.

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