Intuitive Surgical Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:ISRG)
Shares of Intuitive Surgical (NASDAQ:ISRG) have received a consensus recommendation of “Hold” from the twenty-four analysts that are covering the company, StockRatingsNetwork reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $462.00.
A number of research firms have recently commented on ISRG. Analysts at Zacks reiterated a “neutral” rating on shares of Intuitive Surgical in a research note on Thursday, July 24th. They now have a $485.00 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. They set a “positive” rating and a $370.00 price target on the stock. Finally, analysts at Cantor Fitzgerald raised their price target on shares of Intuitive Surgical from $420.00 to $465.00 in a research note on Wednesday, July 23rd.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded up 0.61% on Tuesday, hitting $446.34. 19,865 shares of the company’s stock traded hands. 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 $420.0 and a 200-day moving average of $413.3. The company has a market cap of $16.046 billion and a price-to-earnings ratio of 36.45. Intuitive Surgical also was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,829,187 shares, a decrease of 22.7% from the July 15th total of 2,367,441 shares. Based on an average daily trading volume, of 820,519 shares, the short-interest ratio is presently 2.2 days. Approximately 5.1% of the shares of the company are short sold.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings data on Tuesday, July 22nd. The company reported $3.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.82 by $0.91. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $502.23 million. During the same quarter in the prior year, the company posted $3.90 earnings per share. The company’s quarterly revenue was down 11.5% on a year-over-year basis. Analysts expect that Intuitive Surgical will post $15.27 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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