Intuitive Surgical, Inc. (NASDAQ:ISRG) has been given an average recommendation of “Buy” by the twenty analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $369.67.
ISRG has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $353.33 price objective on shares of Intuitive Surgical in a research report on Monday, September 25th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a research report on Tuesday, December 12th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th.
In other news, Director Alan J. Levy sold 2,997 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.35, for a total value of $1,112,935.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig H. Barratt sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the transaction, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $2,783,850. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,944 shares of company stock valued at $21,432,971. Company insiders own 2.20% of the company’s stock.
Intuitive Surgical (NASDAQ ISRG) traded down $2.33 during trading on Tuesday, reaching $419.04. 932,400 shares of the company traded hands, compared to its average volume of 1,050,000. Intuitive Surgical has a 52-week low of $217.19 and a 52-week high of $426.98. The firm has a market capitalization of $46,950.00, a PE ratio of 54.14, a P/E/G ratio of 5.65 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. During the same period last year, the business earned $2.06 earnings per share. Intuitive Surgical’s revenue was up 18.0% compared to the same quarter last year. sell-side analysts anticipate that Intuitive Surgical will post 7.93 EPS for the current year.
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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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