Intuitive Surgical (NASDAQ:ISRG) Earns Buy Rating from Analysts at Deutsche Bank

Deutsche Bank initiated coverage on shares of Intuitive Surgical (NASDAQ:ISRG) in a research note issued to investors on Monday, April 1st, Benzinga reports. The brokerage issued a buy rating and a $630.00 price target on the medical equipment provider’s stock.

Other equities analysts have also recently issued reports about the company. Cantor Fitzgerald restated a buy rating and set a $620.00 price target on shares of Intuitive Surgical in a report on Friday, January 25th. Stifel Nicolaus cut their target price on Intuitive Surgical from $600.00 to $570.00 and set a buy rating on the stock in a report on Friday, January 25th. Zacks Investment Research upgraded Intuitive Surgical from a hold rating to a buy rating and set a $569.00 target price on the stock in a report on Wednesday, December 12th. Citigroup cut their target price on Intuitive Surgical from $601.00 to $560.00 and set a buy rating on the stock in a report on Wednesday, January 2nd. Finally, BidaskClub cut Intuitive Surgical from a strong-buy rating to a buy rating in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Intuitive Surgical currently has an average rating of Buy and an average price target of $578.94.

ISRG traded up $1.33 on Monday, hitting $519.11. 657,121 shares of the stock were exchanged, compared to its average volume of 787,030. The stock has a market capitalization of $57.77 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 4.17 and a beta of 1.10. Intuitive Surgical has a 12 month low of $430.24 and a 12 month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). Intuitive Surgical had a return on equity of 17.33% and a net margin of 29.78%. The business had revenue of $974.00 million for the quarter, compared to analyst estimates of $975.27 million. During the same period in the previous year, the firm posted $2.44 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. Sell-side analysts anticipate that Intuitive Surgical will post 9.88 EPS for the current fiscal year.

In other news, CEO Gary S. Guthart sold 28,152 shares of Intuitive Surgical 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 completion of the sale, the chief executive officer now owns 379,452 shares in the company, valued at approximately $197,493,382.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lonnie M. Smith sold 210 shares of Intuitive Surgical stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $546.56, for a total value of $114,777.60. Following the sale, the director now owns 359,246 shares of the company’s stock, valued at approximately $196,349,493.76. The disclosure for this sale can be found here. In the last three months, insiders sold 45,740 shares of company stock valued at $23,918,554. 1.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of ISRG. Oregon Public Employees Retirement Fund increased its stake in Intuitive Surgical by 31,963.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 14,633,595 shares during the period. Stone House Investment Management LLC purchased a new position in Intuitive Surgical in the 1st quarter worth approximately $31,000. Laurel Wealth Advisors LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $32,000. Athena Capital Advisors LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $33,000. Finally, Ellis Investment Partners LLC purchased a new position in shares of Intuitive Surgical during the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.

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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