Intuitive Surgical (NASDAQ:ISRG) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Intuitive Surgical (NASDAQ:ISRG) from a sell rating to a hold rating in a research report sent to investors on Friday, ValuEngine reports.

Several other brokerages have also weighed in on ISRG. Zacks Investment Research upgraded shares of Intuitive Surgical from a hold rating to a strong-buy rating and set a $692.00 target price on the stock in a research report on Wednesday. Piper Jaffray Companies set a $633.00 target price on shares of Intuitive Surgical and gave the company a buy rating in a research report on Friday, October 18th. Canaccord Genuity reiterated a buy rating on shares of Intuitive Surgical in a research report on Friday. JPMorgan Chase & Co. reiterated an overweight rating and set a $665.00 target price (up from $575.00) on shares of Intuitive Surgical in a research report on Friday. Finally, Morgan Stanley lifted their price target on shares of Intuitive Surgical from $620.00 to $670.00 and gave the company an overweight rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $618.57.

Shares of Intuitive Surgical stock traded down $25.80 during trading on Friday, hitting $589.20. 2,048,982 shares of the company’s stock traded hands, compared to its average volume of 591,140. The firm’s fifty day moving average price is $592.69 and its 200 day moving average price is $548.20. Intuitive Surgical has a twelve month low of $455.15 and a twelve month high of $616.56. The company has a market cap of $68.09 billion, a PE ratio of 51.01, a PEG ratio of 4.59 and a beta of 1.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, January 23rd. The medical equipment provider reported $3.48 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.10. Intuitive Surgical had a net margin of 30.80% and a return on equity of 18.73%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the business earned $2.96 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts predict that Intuitive Surgical will post 11.35 EPS for the current year.

In related news, CFO Marshall Mohr sold 7,500 shares of Intuitive Surgical stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $548.43, for a total transaction of $4,113,225.00. Following the completion of the transaction, the chief financial officer now directly owns 20,135 shares of the company’s stock, valued at approximately $11,042,638.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lonnie M. Smith sold 205 shares of Intuitive Surgical stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $554.49, for a total transaction of $113,670.45. Following the transaction, the director now directly owns 368,952 shares of the company’s stock, valued at $204,580,194.48. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock valued at $12,121,895 over the last three months. 1.70% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Citizens Financial Group Inc RI raised its stake in shares of Intuitive Surgical by 17.8% in the third quarter. Citizens Financial Group Inc RI now owns 119 shares of the medical equipment provider’s stock worth $65,000 after acquiring an additional 18 shares during the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of Intuitive Surgical by 2.1% in the fourth quarter. Dubuque Bank & Trust Co. now owns 858 shares of the medical equipment provider’s stock worth $507,000 after acquiring an additional 18 shares during the last quarter. Calamos Wealth Management LLC raised its stake in shares of Intuitive Surgical by 2.1% in the fourth quarter. Calamos Wealth Management LLC now owns 884 shares of the medical equipment provider’s stock worth $523,000 after acquiring an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of Intuitive Surgical by 6.5% in the third quarter. Capital Investment Advisory Services LLC now owns 329 shares of the medical equipment provider’s stock worth $178,000 after acquiring an additional 20 shares during the last quarter. Finally, Conning Inc. raised its stake in shares of Intuitive Surgical by 1.1% in the third quarter. Conning Inc. now owns 1,870 shares of the medical equipment provider’s stock worth $1,010,000 after acquiring an additional 20 shares during the last quarter. 85.95% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Company Profile

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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