Intuitive Surgical (ISRG) Upgraded to Strong-Buy by BidaskClub

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BidaskClub upgraded shares of Intuitive Surgical (NASDAQ:ISRG) from a buy rating to a strong-buy rating in a report published on Thursday.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Intuitive Surgical from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Citigroup decreased their price objective on shares of Intuitive Surgical from $601.00 to $560.00 and set a buy rating for the company in a research report on Wednesday, January 2nd. ValuEngine cut shares of Intuitive Surgical from a hold rating to a sell rating in a research report on Friday, December 7th. Stifel Nicolaus decreased their price objective on shares of Intuitive Surgical from $600.00 to $570.00 and set a buy rating for the company in a research report on Friday, January 25th. Finally, Cantor Fitzgerald reissued a buy rating and issued a $620.00 price objective on shares of Intuitive Surgical in a research report on Friday, January 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical presently has a consensus rating of Buy and an average price target of $566.40.

Shares of NASDAQ ISRG opened at $558.21 on Thursday. Intuitive Surgical has a 12-month low of $393.57 and a 12-month high of $581.12. The firm has a market capitalization of $64.40 billion, a P/E ratio of 58.82, a P/E/G ratio of 4.25 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.07 by ($0.11). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 earnings per share. Equities analysts anticipate that Intuitive Surgical will post 10.07 earnings per share for the current year.

In other news, VP Jamie Samath sold 458 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $500.03, for a total transaction of $229,013.74. Following the transaction, the vice president now owns 198 shares of the company’s stock, valued at $99,005.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary S. Guthart sold 28,152 shares of the stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $520.47, for a total transaction of $14,652,271.44. Following the transaction, the chief executive officer now directly owns 379,452 shares in the company, valued at approximately $197,493,382.44. The disclosure for this sale can be found here. Insiders have sold 42,284 shares of company stock worth $22,205,382 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its position in shares of Intuitive Surgical by 1.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 1,239 shares of the medical equipment provider’s stock worth $593,000 after purchasing an additional 21 shares during the last quarter. Cerity Partners LLC lifted its holdings in Intuitive Surgical by 3.7% in the fourth quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock worth $322,000 after acquiring an additional 24 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in Intuitive Surgical by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock worth $2,885,000 after acquiring an additional 25 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in Intuitive Surgical by 1.4% in the fourth quarter. Whitener Capital Management Inc. now owns 1,831 shares of the medical equipment provider’s stock worth $876,000 after acquiring an additional 25 shares during the last quarter. Finally, Kaizen Advisory LLC lifted its holdings in Intuitive Surgical by 9.0% in the fourth quarter. Kaizen Advisory LLC now owns 304 shares of the medical equipment provider’s stock worth $146,000 after acquiring an additional 25 shares during the last quarter. 84.78% of the stock is currently owned by institutional investors and hedge funds.

About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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