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Intuitive Surgical (NASDAQ:ISRG) was upgraded by investment analysts at Sterne Agee from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $380.00 price objective on the stock, up from their previous price objective of $360.00. Sterne Agee’s target price points to a potential upside of 3.32% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note on Thursday, April 24th. They now have a $393.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Intuitive Surgical in a research note on Wednesday, April 23rd. They now have a $500.00 price target on the stock. Finally, analysts at Barrington Research reiterated an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $476.61.

Shares of Intuitive Surgical (NASDAQ:ISRG) remained flat at $367.808 during during mid-day trading trading on Tuesday. 215,683 shares of the company’s stock traded hands. Intuitive Surgical has a 1-year low of $351.14 and a 1-year high of $541.23. The stock’s 50-day moving average is $436.1 and its 200-day moving average is $407.8. The company has a market cap of $14.040 billion and a price-to-earnings ratio of 21.98.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings data on Tuesday, April 22nd. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $3.31 by $2.18. The company had revenue of $464.70 million for the quarter, compared to the consensus estimate of $507.04 million. During the same quarter last year, the company posted $4.56 earnings per share. Intuitive Surgical’s revenue was down 24.0% compared to the same quarter last year. Analysts expect that Intuitive Surgical will post $11.79 EPS 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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