Goldman Sachs Group Inc. Lowers Intuitive Surgical Price Target to $391.00 (ISRG)
Equities research analysts at Goldman Sachs Group Inc. dropped their target price on shares of Intuitive Surgical (NASDAQ:ISRG) to $391.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. Goldman Sachs Group Inc.’s price objective would indicate a potential downside of 2.04% from the stock’s previous close.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded down 4.68% on Friday, hitting $380.46. The stock had a trading volume of 1,268,138 shares. Intuitive Surgical has a 1-year low of $357.02 and a 1-year high of $585.67. The stock has a 50-day moving average of $379.0 and a 200-day moving average of $440.8. The company has a market cap of $15.108 billion and a price-to-earnings ratio of 23.22.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings data on Thursday, October 17th. The company reported $3.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.40 by $0.59. The company had revenue of $499.00 million for the quarter, compared to the consensus estimate of $525.47 million. During the same quarter in the prior year, the company posted $4.46 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. On average, analysts predict that Intuitive Surgical will post $15.78 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ISRG. Analysts at Canaccord Genuity cut their price target on shares of Intuitive Surgical from $403.00 to $395.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Northland Capital Partners downgraded shares of Intuitive Surgical from a “market perform” rating to an “under perform” rating in a research note to investors on Friday. They now have a $275.00 price target on the stock, down previously from $370.00. Finally, analysts at Northland Securities downgraded shares of Intuitive Surgical from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $275.00 price target on the stock, down previously from $370.00. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $470.20.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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