Royal Bank Of Canada reiterated their hold rating on shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in a research note released on Friday morning. Royal Bank Of Canada currently has a $1,000.00 target price on the medical equipment provider’s stock.

ISRG has been the subject of a number of other reports. Zacks Investment Research raised Intuitive Surgical from a hold rating to a buy rating and set a $911.00 price target for the company in a research report on Monday, April 24th. Barclays PLC reaffirmed a buy rating and set a $830.00 price target (up from $800.00) on shares of Intuitive Surgical in a research report on Wednesday, April 19th. Leerink Swann reaffirmed an outperform rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Canaccord Genuity downgraded Intuitive Surgical from a buy rating to a hold rating and set a $870.00 price target for the company. in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Company reaffirmed an outperform rating and set a $1,050.00 price target (up from $1,000.00) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $953.97.

Intuitive Surgical (ISRG) opened at 927.47 on Friday. The firm has a 50-day moving average price of $934.93 and a 200-day moving average price of $803.42. Intuitive Surgical has a 1-year low of $610.71 and a 1-year high of $974.66. The company has a market capitalization of $34.32 billion, a P/E ratio of 44.42 and a beta of 0.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.79 by $0.16. The firm had revenue of $756.20 million during the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.51% and a net margin of 28.44%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $5.62 earnings per share. On average, analysts forecast that Intuitive Surgical will post $23.86 EPS for the current fiscal year.

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In related news, SVP Curet Myriam sold 750 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $930.00, for a total value of $697,500.00. Following the sale, the senior vice president now owns 1,428 shares in the company, valued at $1,328,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark J. Meltzer sold 3,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $887.09, for a total value of $2,661,270.00. Following the completion of the sale, the senior vice president now owns 3,046 shares in the company, valued at approximately $2,702,076.14. The disclosure for this sale can be found here. Insiders sold 26,655 shares of company stock valued at $23,366,682 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Intuitive Surgical by 50.0% in the second quarter. Huntington National Bank now owns 255 shares of the medical equipment provider’s stock worth $239,000 after buying an additional 85 shares during the period. APG Asset Management N.V. increased its stake in shares of Intuitive Surgical by 4.3% in the second quarter. APG Asset Management N.V. now owns 28,482 shares of the medical equipment provider’s stock worth $26,641,000 after buying an additional 1,176 shares during the period. State Treasurer State of Michigan increased its stake in shares of Intuitive Surgical by 0.8% in the second quarter. State Treasurer State of Michigan now owns 12,156 shares of the medical equipment provider’s stock worth $11,370,000 after buying an additional 100 shares during the period. Peregrine Capital Management LLC increased its stake in shares of Intuitive Surgical by 6.9% in the second quarter. Peregrine Capital Management LLC now owns 15,615 shares of the medical equipment provider’s stock worth $14,606,000 after buying an additional 1,012 shares during the period. Finally, Bedrijfstakpensioenfonds Voor DE Media PNO increased its stake in shares of Intuitive Surgical by 9.1% in the second quarter. Bedrijfstakpensioenfonds Voor DE Media PNO now owns 12,000 shares of the medical equipment provider’s stock worth $11,224,000 after buying an additional 1,000 shares during the period. Institutional investors own 97.53% 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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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