Intuitive Surgical Inc. (ISRG) PT Raised to $760.00
Intuitive Surgical Inc. (NASDAQ:ISRG) had its target price boosted by equities researchers at Royal Bank Of Canada from $750.00 to $760.00 in a report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 5.30% from the company’s previous close.
ISRG has been the topic of a number of other reports. Piper Jaffray Cos. reiterated a “neutral” rating and set a $700.00 target price (up from $610.00) on shares of Intuitive Surgical in a research report on Wednesday, July 20th. Barclays PLC increased their price objective on shares of Intuitive Surgical from $690.00 to $750.00 and gave the company an “overweight” rating in a report on Wednesday, July 20th. Zacks Investment Research lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Monday, June 27th. Northland Securities lowered shares of Intuitive Surgical from a “market perform” rating to an “under perform” rating and set a $600.00 price objective on the stock. in a report on Thursday, July 21st. Finally, Canaccord Genuity increased their price objective on shares of Intuitive Surgical from $700.00 to $750.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $710.82.
Intuitive Surgical (NASDAQ:ISRG) opened at 721.73 on Wednesday. The stock has a market capitalization of $27.78 billion, a PE ratio of 40.96 and a beta of 0.72. The firm’s 50-day moving average is $703.09 and its 200 day moving average is $666.36. Intuitive Surgical has a 52-week low of $483.11 and a 52-week high of $727.25.
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Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, October 18th. The company reported $6.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.13 by $1.06. Intuitive Surgical had a net margin of 26.80% and a return on equity of 15.25%. The company had revenue of $682.90 million for the quarter, compared to analyst estimates of $650.49 million. During the same period in the prior year, the business earned $5.24 earnings per share. Intuitive Surgical’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts forecast that Intuitive Surgical will post $21.30 earnings per share for the current year.
In other Intuitive Surgical news, CEO Gary S. Guthart sold 13,400 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $698.00, for a total value of $9,353,200.00. Following the completion of the sale, the chief executive officer now owns 78,780 shares in the company, valued at $54,988,440. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Curet Myriam sold 4,250 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $684.39, for a total transaction of $2,908,657.50. Following the completion of the sale, the senior vice president now owns 3,133 shares of the company’s stock, valued at approximately $2,144,193.87. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Adage Capital Partners GP L.L.C. boosted its stake in shares of Intuitive Surgical by 0.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 55,629 shares of the company’s stock worth $33,436,000 after buying an additional 164 shares in the last quarter. Strs Ohio boosted its stake in shares of Intuitive Surgical by 6,226.9% in the second quarter. Strs Ohio now owns 47,895 shares of the company’s stock worth $31,678,000 after buying an additional 47,138 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Intuitive Surgical by 2.7% in the second quarter. Retirement Systems of Alabama now owns 19,404 shares of the company’s stock worth $12,834,000 after buying an additional 508 shares in the last quarter. Babson Capital Management LLC boosted its stake in shares of Intuitive Surgical by 96.8% in the first quarter. Babson Capital Management LLC now owns 3,416 shares of the company’s stock worth $2,053,000 after buying an additional 1,680 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Intuitive Surgical by 2.9% in the first quarter. Legal & General Group Plc now owns 157,808 shares of the company’s stock worth $94,849,000 after buying an additional 4,398 shares in the last quarter. Hedge funds and other institutional investors own 92.03% 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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