Intuitive Surgical Given Outperform Rating at Wedbush (ISRG)
Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a report released on Tuesday, Analyst Ratings.Net reports. They currently have a $495.00 target price on the stock. Wedbush’s target price points to a potential upside of 29.92% from the stock’s previous close.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded up 0.13% during mid-day trading on Tuesday, hitting $381.50. The stock had a trading volume of 1,192,196 shares. Intuitive Surgical has a 1-year low of $357.02 and a 1-year high of $585.67. The stock’s 50-day moving average is $378.0 and its 200-day moving average is $445.4. The company has a market cap of $15.149 billion and a price-to-earnings ratio of 22.16.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings data on Thursday, July 18th. The company reported $3.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.04 by $0.14. The company had revenue of $578.50 million for the quarter, compared to the consensus estimate of $594.58 million. During the same quarter in the previous year, the company posted $3.75 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis.
ISRG has been the subject of a number of other recent research reports. Analysts at SunTrust upgraded shares of Intuitive Surgical to a “top pick” rating in a research note to investors on Wednesday, September 25th. Separately, analysts at First Analysis downgraded shares of Intuitive Surgical from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, September 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note to investors on Wednesday, August 28th. They now have a $406.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $494.38.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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