Intuitive Surgical Lowered to “Hold” at TheStreet (ISRG)
Intuitive Surgical (NASDAQ:ISRG) was downgraded by research analysts at TheStreet from a “buy” rating to a “hold” rating in a report released on Monday, American Banking & Market News reports.
The analysts wrote, “Intuitive Surgical (ISRG) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company’s earnings per share.”
Intuitive Surgical (NASDAQ:ISRG) traded down 1.76% during mid-day trading on Monday, hitting $369.88. The stock had a trading volume of 673,768 shares. Intuitive Surgical has a one year low of $357.02 and a one year high of $585.67. The stock has a 50-day moving average of $378. and a 200-day moving average of $440.0. The company has a market cap of $14.277 billion and a price-to-earnings ratio of 22.52.
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 $16.23 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note to investors on Monday. They now have a $395.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Intuitive Surgical to $514.00 in a research note to investors on Friday. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Intuitive Surgical to $391.00 in a research note to investors on Friday. Four analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical currently has an average rating of “Hold” and a consensus target price of $460.07.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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