Intuitive Surgical (ISRG) PT Set at $460.00 by Royal Bank of Canada

Intuitive Surgical (NASDAQ:ISRG) has been given a $460.00 target price by equities researchers at Royal Bank of Canada in a research note issued on Wednesday. The firm currently has a “hold” rating on the medical equipment provider’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 0.59% from the company’s current price.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Vetr downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $455.31 target price for the company. in a research report on Monday, April 2nd. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 10th. Finally, Evercore ISI began coverage on Intuitive Surgical in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 target price for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $435.32.

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Shares of NASDAQ ISRG opened at $462.71 on Wednesday. Intuitive Surgical has a one year low of $267.62 and a one year high of $473.79. The firm has a market capitalization of $53,255.64, a price-to-earnings ratio of 64.35, a PEG ratio of 5.61 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a return on equity of 20.72% and a net margin of 23.25%. The firm had revenue of $848.00 million for the quarter, compared to analyst estimates of $773.20 million. During the same period in the prior year, the firm posted $5.09 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. equities research analysts predict that Intuitive Surgical will post 7.85 earnings per share for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 861 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $420.09, for a total value of $361,697.49. Following the completion of the transaction, the vice president now directly owns 1,232 shares in the company, valued at $517,550.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Curet Myriam sold 262 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $431.50, for a total value of $113,053.00. Following the completion of the transaction, the executive vice president now owns 2,152 shares of the company’s stock, valued at $928,588. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,770 shares of company stock valued at $43,410,836. 2.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ISRG. CWM LLC increased its stake in shares of Intuitive Surgical by 200.0% in the fourth quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock valued at $104,000 after buying an additional 190 shares during the period. American National Bank increased its stake in shares of Intuitive Surgical by 200.0% in the fourth quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 200 shares during the period. Spectrum Management Group Inc. increased its stake in shares of Intuitive Surgical by 154.2% in the fourth quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 182 shares during the period. Trustcore Financial Services LLC acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $125,000. Finally, Trust Department MB Financial Bank N A increased its stake in shares of Intuitive Surgical by 200.0% in the fourth quarter. Trust Department MB Financial Bank N A now owns 345 shares of the medical equipment provider’s stock valued at $126,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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