Intuitive Surgical (ISRG) Upgraded to “Overweight” at Piper Jaffray Companies

Piper Jaffray Companies upgraded shares of Intuitive Surgical (NASDAQ:ISRG) to an overweight rating in a report published on Wednesday, The Fly reports. The firm currently has $610.00 target price on the medical equipment provider’s stock.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald set a $620.00 price objective on shares of Intuitive Surgical and gave the company a buy rating in a research note on Thursday, April 4th. Deutsche Bank started coverage on shares of Intuitive Surgical in a research note on Monday, April 1st. They issued a buy rating and a $630.00 price objective on the stock. BidaskClub cut shares of Intuitive Surgical from a strong-buy rating to a buy rating in a research note on Wednesday, January 30th. Stifel Nicolaus dropped their price objective on shares of Intuitive Surgical from $600.00 to $570.00 and set a buy rating on the stock in a research note on Friday, January 25th. Finally, Canaccord Genuity reissued a buy rating and issued a $575.00 price objective (down from $610.00) on shares of Intuitive Surgical in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $576.82.

ISRG stock opened at $485.37 on Wednesday. Intuitive Surgical has a 12 month low of $430.24 and a 12 month high of $589.32. The firm has a market capitalization of $55.83 billion, a P/E ratio of 51.15, a price-to-earnings-growth ratio of 4.22 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The firm had revenue of $974.00 million during the quarter, compared to analyst estimates of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.44 earnings per share. As a group, equities analysts forecast that Intuitive Surgical will post 9.4 earnings per share for the current year.

In other Intuitive Surgical news, COO Salvatore Brogna sold 2,090 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lonnie M. Smith sold 227 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $493.39, for a total transaction of $111,999.53. Following the completion of the transaction, the director now owns 359,696 shares in the company, valued at $177,470,409.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,619 shares of company stock worth $14,444,692. 1.70% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Buffington Mohr McNeal purchased a new position in shares of Intuitive Surgical during the 1st quarter worth about $86,000. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Intuitive Surgical by 7.2% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 19,288 shares of the medical equipment provider’s stock worth $8,081,000 after acquiring an additional 1,300 shares during the period. Stevens Capital Management LP purchased a new position in shares of Intuitive Surgical during the 4th quarter worth about $6,786,000. Sigma Planning Corp lifted its holdings in shares of Intuitive Surgical by 4.8% during the 4th quarter. Sigma Planning Corp now owns 3,270 shares of the medical equipment provider’s stock worth $1,566,000 after acquiring an additional 149 shares during the period. Finally, Larson Financial Group LLC purchased a new position in shares of Intuitive Surgical during the 4th quarter worth about $91,000. Institutional investors own 85.35% of the company’s stock.

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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The Fly

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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