Intuitive Surgical Inc. (ISRG) Earns Outperform Rating from Analysts at Wells Fargo & Co.
Analysts at Wells Fargo & Co. assumed coverage on shares of Intuitive Surgical Inc. (NASDAQ:ISRG) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “outperform” rating on the stock.
Other analysts have also issued reports about the stock. Barclays PLC restated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, June 18th. Piper Jaffray Cos. restated a “neutral” rating and set a $700.00 price target (up from $610.00) on shares of Intuitive Surgical in a research report on Wednesday, July 20th. Zacks Investment Research lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Monday, June 27th. Canaccord Genuity upped their price target on shares of Intuitive Surgical from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Wednesday, July 20th. Finally, Northland Securities lowered shares of Intuitive Surgical from a “market perform” rating to an “under perform” rating and set a $600.00 price target for the company. in a research report on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $701.42.
Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 710.93 on Thursday. The stock has a 50 day moving average price of $699.81 and a 200 day moving average price of $662.55. The firm has a market capitalization of $27.37 billion, a P/E ratio of 40.35 and a beta of 0.72. Intuitive Surgical has a 52 week low of $451.76 and a 52 week high of $727.25.
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Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $5.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.65. Intuitive Surgical had a net margin of 26.80% and a return on equity of 15.25%. The business earned $670 million during the quarter, compared to analyst estimates of $640.69 million. During the same period in the prior year, the business posted $4.57 earnings per share. Analysts forecast that Intuitive Surgical will post $21.30 EPS for the current year.
In other Intuitive Surgical news, SVP Curet Myriam sold 4,250 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $684.39, for a total value of $2,908,657.50. Following the sale, the senior vice president now owns 3,133 shares in the company, valued at $2,144,193.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mark J. Meltzer sold 3,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $688.33, for a total transaction of $2,064,990.00. Following the completion of the sale, the senior vice president now owns 2,331 shares in the company, valued at approximately $1,604,497.23. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Intuitive Surgical by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 9,547 shares of the company’s stock worth $6,920,000 after buying an additional 81 shares during the period. CenturyLink Investment Management Co purchased a new stake in Intuitive Surgical during the third quarter worth approximately $279,000. Capstone Asset Management Co. boosted its stake in Intuitive Surgical by 2.6% in the third quarter. Capstone Asset Management Co. now owns 4,240 shares of the company’s stock worth $3,073,000 after buying an additional 108 shares during the last quarter. Atria Investments LLC boosted its stake in Intuitive Surgical by 1.3% in the third quarter. Atria Investments LLC now owns 462 shares of the company’s stock worth $335,000 after buying an additional 6 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in Intuitive Surgical by 22.9% in the third quarter. Eagle Asset Management Inc. now owns 48,133 shares of the company’s stock worth $34,888,000 after buying an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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