Intuitive Surgical’s “Neutral” Rating Reaffirmed at Zacks (ISRG)
Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Monday, AR Network reports. They currently have a $395.00 price target on the stock. Zacks‘ price objective suggests a potential upside of 4.91% from the stock’s previous close.
Zacks‘ analyst wrote, “Despite a fall, Intuitive Surgical’s third quarter earnings per share beat the Zacks Consensus Estimate by $0.61. However, revenues declined 7% and missed the mark due to modest growth in benign gynecology, along with changing capital spending priorities in hospitals due to the implementation of the Affordable Care Act. Gynecology in the U.S., urology ex-U.S. and general. But overall, a reasonable valuation is valid, given positive factors such as Intuitive Surgical’s leading position in robotic surgery, a growing list of emerging procedures, barriers to entry, sizeable cash and no debt. As a result, we maintain our Neutral recommendation on the company and set a target price of $395.00.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Wedbush raised their price target on shares of Intuitive Surgical to $514.00 in a research note to investors on Friday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $460.07.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded down 1.48% on Monday, hitting $370.94. 534,611 shares of the company’s stock traded hands. 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 $378. and a 200-day moving average of $440.0. The company has a market cap of $14.318 billion and a P/E ratio of 22.52.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results 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 last year, the company posted $4.46 earnings per share. Intuitive Surgical’s revenue was down 7.2% compared to the same quarter last year. On average, analysts predict that Intuitive Surgical will post $16.23 earnings per share for the current fiscal year.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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