Intuitive Surgical, Inc. (NASDAQ:ISRG) Given Average Rating of “Buy” by Analysts
Intuitive Surgical, Inc. (NASDAQ:ISRG) has been assigned a consensus recommendation of “Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $988.16.
A number of brokerages have issued reports on ISRG. Royal Bank Of Canada reiterated a “hold” rating and issued a $1,000.00 price target on shares of Intuitive Surgical in a research note on Friday, July 21st. Canaccord Genuity reiterated a “buy” rating and issued a $870.00 price target (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Stifel Nicolaus increased their price target on Intuitive Surgical from $800.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) began coverage on Intuitive Surgical in a research note on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 price target for the company. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $1,078.00 price target (up previously from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th.
In other Intuitive Surgical news, VP Jamie Samath sold 242 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total value of $229,660.42. Following the completion of the sale, the vice president now owns 23 shares of the company’s stock, valued at $21,827.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amal M. Johnson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $917.27, for a total transaction of $917,270.00. Following the completion of the sale, the director now directly owns 3,787 shares of the company’s stock, valued at approximately $3,473,701.49. The disclosure for this sale can be found here. In the last three months, insiders sold 34,065 shares of company stock valued at $31,659,090. 2.50% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after buying an additional 2,747,465 shares in the last quarter. FMR LLC increased its stake in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after buying an additional 447,397 shares in the last quarter. Vanguard Group Inc. increased its stake in Intuitive Surgical by 0.8% in the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after buying an additional 20,210 shares in the last quarter. Edgewood Management LLC increased its stake in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after buying an additional 257,165 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Intuitive Surgical by 3.3% in the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock valued at $646,135,000 after buying an additional 21,795 shares in the last quarter. 96.84% of the stock is owned by institutional investors and hedge funds.
Intuitive Surgical (NASDAQ ISRG) traded up 1.38% on Friday, hitting $942.25. The stock had a trading volume of 241,572 shares. Intuitive Surgical has a 1-year low of $610.71 and a 1-year high of $974.66. The company has a market cap of $35.00 billion, a P/E ratio of 45.13 and a beta of 0.39. The stock has a 50 day moving average price of $941.15 and a 200 day moving average price of $833.76. Intuitive Surgical shares are scheduled to split on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.79 by $0.16. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same quarter in the prior year, the business posted $5.62 EPS. Intuitive Surgical’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Intuitive Surgical will post $23.86 EPS for the current fiscal 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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