Intuitive Surgical Given “Strong-Buy” Rating at ISI Group (ISRG)
Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 371.37 on Wednesday. Intuitive Surgical has a 1-year low of $346.46 and a 1-year high of $541.23. The stock’s 50-day moving average is $385.0 and its 200-day moving average is $405.5. The company has a market cap of $14.262 billion and a price-to-earnings ratio of 27.89. Intuitive Surgical also was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 2,883,225 shares, an increase of 60.5% from the April 30th total of 1,796,352 shares. Based on an average daily trading volume, of 685,362 shares, the short-interest ratio is currently 4.2 days. Currently, 7.6% of the company’s shares are short sold.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, April 22nd. The company reported $1.13 earnings per share for the quarter, missing the analysts’ 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 $11.90 EPS for the current fiscal year.
ISRG has been the subject of a number of other recent research reports. Analysts at First Analysis upgraded shares of Intuitive Surgical to an “equal weight” rating in a research note on Thursday, May 22nd. Separately, analysts at Leerink Swann reiterated a “market perform” rating on shares of Intuitive Surgical in a research note on Wednesday, May 14th. They now have a $415.00 price target on the stock, down previously from $443.00. Finally, analysts at Citigroup Inc. reiterated a “sell” rating on shares of Intuitive Surgical in a research note on Monday, May 5th. They now have a $295.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $450.65.
Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.