Intuitive Surgical Sees Large Decline in Short Interest (ISRG)
Shares of Intuitive Surgical (NASDAQ:ISRG) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 1,829,187 shares, a decline of 22.7% from the July 15th total of 2,367,441 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 820,519 shares, the short-interest ratio is presently 2.2 days. Currently, 5.1% of the shares of the company are sold short.
A number of analysts have recently weighed in on ISRG shares. 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. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $462.00.
Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 460.39 on Friday. 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 $424.5 and a 200-day moving average of $414.2. The company has a market cap of $16.551 billion and a price-to-earnings ratio of 37.42.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $3.73 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $3.90 earnings per share. The company’s revenue for the quarter 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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