Intuitive Surgical, Inc. (ISRG) Stock Rating Upgraded by Vetr Inc.
Intuitive Surgical, Inc. (NASDAQ:ISRG) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $1,020.34 target price on the medical equipment provider’s stock. Vetr‘s price target would indicate a potential upside of 4.85% from the stock’s current price.
ISRG has been the topic of several other reports. Cantor Fitzgerald assumed coverage on Intuitive Surgical in a research note on Thursday, June 29th. They issued a “neutral” rating and a $1,000.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,070.00 price objective (up from $950.00) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Canaccord Genuity reiterated a “hold” rating and issued a $1,000.00 target price (up from $870.00) on shares of Intuitive Surgical in a research report on Wednesday, July 26th. Barclays PLC increased their target price on Intuitive Surgical from $870.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $1,000.00 target price on shares of Intuitive Surgical in a research report on Friday, July 21st. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $980.61.
Intuitive Surgical (NASDAQ:ISRG) traded down 1.60% on Thursday, hitting $973.10. The company had a trading volume of 323,484 shares. The firm has a market capitalization of $36.15 billion, a PE ratio of 46.61 and a beta of 0.39. The firm has a 50-day moving average price of $945.15 and a 200-day moving average price of $842.09. Intuitive Surgical has a 12-month low of $610.71 and a 12-month high of $993.00. Intuitive Surgical’s stock is scheduled to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly created shares will be distributed to shareholders after the market closes on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $5.62 earnings per share. On average, equities research analysts anticipate that Intuitive Surgical will post $23.92 earnings per share for the current fiscal year.
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In other news, EVP Salvatore Brogna sold 1,306 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $915.09, for a total transaction of $1,195,107.54. Following the completion of the transaction, the executive vice president now directly owns 977 shares in the company, valued at $894,042.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary S. Guthart sold 17,975 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $937.27, for a total value of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The disclosure for this sale can be found here. Insiders have sold 34,065 shares of company stock valued at $31,659,090 over the last 90 days. 2.50% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of Intuitive Surgical by 5.8% in the first quarter. Nisa Investment Advisors LLC now owns 10,990 shares of the medical equipment provider’s stock worth $8,424,000 after buying an additional 602 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Intuitive Surgical during the first quarter worth $1,384,000. Huntington National Bank increased its stake in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock worth $130,000 after buying an additional 21 shares during the last quarter. Rothschild Investment Corp IL increased its stake in shares of Intuitive Surgical by 1.8% in the first quarter. Rothschild Investment Corp IL now owns 1,660 shares of the medical equipment provider’s stock worth $1,272,000 after buying an additional 30 shares during the last quarter. Finally, Cambridge Advisors Inc. acquired a new stake in shares of Intuitive Surgical during the first quarter worth $209,000. Institutional investors and hedge funds own 96.08% 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.
To view Vetr’s full report, visit Vetr’s official website.
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