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Investment analysts at ISI Group reduced their target price on shares of Intuitive Surgical (NASDAQ:ISRG) from $515.00 to $505.00 in a note issued to investors on Wednesday. ISI Group’s target price points to a potential upside of 30.75% from the stock’s previous close.

Shares of Intuitive Surgical (NASDAQ:ISRG) traded up 0.08% during mid-day trading on Wednesday, hitting $386.24. The stock had a trading volume of 394,364 shares. Intuitive Surgical has a 52-week low of $346.46 and a 52-week high of $541.23. The stock has a 50-day moving average of $388. and a 200-day moving average of $408.2. The company has a market cap of $14.833 billion and a P/E ratio of 28.98.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings data 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. On average, analysts predict that Intuitive Surgical will post $11.90 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ISRG. Analysts at BTIG Research initiated coverage on shares of Intuitive Surgical in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Sterne Agee reiterated a “neutral” rating on shares of Intuitive Surgical in a research note on Wednesday, June 11th. They now have a $400.00 price target on the stock, up previously from $380.00. Finally, analysts at First Analysis upgraded shares of Intuitive Surgical to an “equal weight” rating in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $444.76.

Intuitive Surgical, Inc (NASDAQ:ISRG) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.

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