Intuitive Surgical, Inc. (ISRG) Stock Rating Upgraded by BidaskClub
Intuitive Surgical, Inc. (NASDAQ:ISRG) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other research firms also recently weighed in on ISRG. Vetr downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,006.51 target price for the company. in a research report on Wednesday. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $1,050.00 target price on shares of Intuitive Surgical in a research report on Friday, July 21st. Barclays PLC raised their target price on shares of 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. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $1,050.00 target price on shares of Intuitive Surgical in a research report on Friday, July 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $1,078.00 target price (up previously from $917.00) on shares of Intuitive Surgical in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $980.61.
Intuitive Surgical (NASDAQ:ISRG) traded up 1.15% during trading on Friday, hitting $984.31. 385,160 shares of the stock traded hands. The company’s 50 day moving average is $946.69 and its 200 day moving average is $844.19. Intuitive Surgical has a one year low of $610.71 and a one year high of $993.00. The company has a market capitalization of $36.57 billion, a P/E ratio of 47.15 and a beta of 0.39. Shares of Intuitive Surgical are set to split on 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 earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $0.16. The business had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $5.62 earnings per share. On average, equities analysts forecast that Intuitive Surgical will post $23.92 EPS 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 shares were sold at an average price of $915.09, for a total transaction of $1,195,107.54. Following the completion of the sale, the executive vice president now owns 977 shares in the company, valued at approximately $894,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $16,847,428.25. Following the sale, the chief executive officer now owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. WFG Advisors LP boosted its stake in Intuitive Surgical by 32.7% in the second quarter. WFG Advisors LP now owns 853 shares of the medical equipment provider’s stock worth $798,000 after buying an additional 210 shares in the last quarter. Toronto Dominion Bank boosted its stake in Intuitive Surgical by 25.8% in the second quarter. Toronto Dominion Bank now owns 12,503 shares of the medical equipment provider’s stock worth $11,693,000 after buying an additional 2,568 shares in the last quarter. Cetera Investment Advisers bought a new stake in Intuitive Surgical during the second quarter worth about $756,000. Advisory Services Network LLC boosted its stake in Intuitive Surgical by 0.7% in the second quarter. Advisory Services Network LLC now owns 2,336 shares of the medical equipment provider’s stock worth $2,185,000 after buying an additional 17 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Intuitive Surgical by 17.5% in the second quarter. Public Employees Retirement System of Ohio now owns 43,684 shares of the medical equipment provider’s stock worth $40,861,000 after buying an additional 6,506 shares in the last quarter. Institutional investors own 96.08% of the company’s stock.
Intuitive Surgical Company Profile
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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