Intuitive Surgical, Inc. (ISRG) Receives $354.60 Consensus Target Price from Brokerages

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.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Intuitive Surgical by 11.2% in the second quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock valued at $7,837,000 after purchasing an additional 841 shares during the period. First Trust Advisors LP boosted its stake in shares of Intuitive Surgical by 61.4% in the third quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock valued at $53,476,000 after purchasing an additional 19,458 shares during the period. Davis R M Inc. purchased a new position in shares of Intuitive Surgical in the third quarter valued at approximately $219,000. Point72 Asset Management L.P. purchased a new position in shares of Intuitive Surgical in the third quarter valued at approximately $24,264,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Intuitive Surgical by 9.8% in the second quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock valued at $420,839,000 after purchasing an additional 40,115 shares during the period. 32.80% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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