Analysts Set Intuitive Surgical, Inc. (ISRG) Price Target at $423.50
Intuitive Surgical, Inc. (NASDAQ:ISRG) has been given an average recommendation of “Buy” by the nineteen ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $141.17.
A number of brokerages have commented on ISRG. Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price objective for the company in a report on Thursday, August 17th. Cantor Fitzgerald started coverage on Intuitive Surgical in a report on Thursday, June 29th. They set a “neutral” rating and a $111.11 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $118.89 target price (up previously from $105.56) on shares of Intuitive Surgical in a research note on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $111.11 target price (up previously from $96.67) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Finally, Barclays PLC boosted their target price on Intuitive Surgical from $96.67 to $111.11 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call.
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In other news, SVP Mark J. Meltzer sold 500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the transaction, the senior vice president now owns 2,796 shares of the company’s stock, valued at $2,865,900. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jamie Samath sold 242 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now directly owns 23 shares in the company, valued at approximately $21,827.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,172 shares of company stock worth $21,923,487. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in ISRG. BlackRock Inc. increased its holdings in shares of 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 worth $2,181,851,000 after purchasing an additional 2,747,465 shares during the period. Koch Industries Inc. increased its holdings in shares of Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after purchasing an additional 1,387,952 shares during the period. FMR LLC increased its holdings in shares of Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after purchasing an additional 447,397 shares during the period. Janus Henderson Group PLC increased its stake in Intuitive Surgical by 7,931.4% in the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock valued at $385,532,000 after acquiring an additional 407,038 shares during the last quarter. Finally, 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 acquiring an additional 257,165 shares during the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intuitive Surgical (NASDAQ ISRG) traded up 198.55% on Friday, reaching $361.47. The company had a trading volume of 889,950 shares. The stock has a market cap of $40.29 billion, a PE ratio of 51.94 and a beta of 0.39. The stock has a 50-day moving average price of $1,006.72 and a 200-day moving average price of $912.65. Intuitive Surgical has a 12 month low of $360.20 and a 12 month high of $1,094.55.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. Analysts predict that Intuitive Surgical will post $23.92 earnings per share for the current fiscal year.
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.
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