Edwards Lifesciences Poised for Strong Transcatheter Aortic Valve Growth Again in 2017
Despite a strong fourth-quarter performance by Edwards Lifesciences, the shares seem depressed after management held its outlook steady. We’re leaving our $103 fair value estimate unchanged. We saw little in the quarter to shift our assumptions about this narrow-moat company, and our projections for 2017 remain close to the range of management’s estimates. Quarterly underlying sales rose 15%, driven by 29% global transcatheter aortic valve sales. While we anticipate the rate of growth should slo...Edwards Lifesciences is engaged in patient-focused medical for structural heart disease, as well as critical care and surgical monitoring. The company is a manufacturer of heart valve systems and repair products used to replace or repair a patient's diseased or defective heart valve. The company is also engaged in hemodynamic and noninvasive brain and tissue oxygenation monitoring systems used to measure a patient's cardiovascular function in the hospital setting. The company's products and technologies are categorized into four main areas: Transcatheter Aortic Valve Replacement, Transcatheter Mitral and Tricuspid Therapies, Surgical Structural Heart, and Critical Care.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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