BidaskClub Upgrades Intuitive Surgical (ISRG) to Strong-Buy

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Intuitive Surgical (NASDAQ:ISRG) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

A number of other research firms have also issued reports on ISRG. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $540.00 price objective for the company in a research report on Wednesday, December 19th. Northland Securities restated a “sell” rating and set a $375.00 price objective on shares of Intuitive Surgical in a research report on Thursday, January 10th. Royal Bank of Canada set a $560.00 target price on Intuitive Surgical and gave the company a “hold” rating in a research note on Thursday, February 28th. Citigroup cut their target price on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating on the stock in a research note on Wednesday, January 2nd. Finally, 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 research note on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus price target of $566.40.

NASDAQ:ISRG opened at $558.21 on Thursday. Intuitive Surgical has a 12-month low of $393.57 and a 12-month high of $581.12. The company has a market cap of $64.27 billion, a P/E ratio of 58.82, a P/E/G ratio of 4.25 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts forecast that Intuitive Surgical will post 10.07 earnings per share for the current fiscal year.

In other news, COO Salvatore Brogna sold 2,090 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $551.79, for a total value of $1,153,241.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Gary S. Guthart sold 28,152 shares of the business’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $520.47, for a total value of $14,652,271.44. Following the completion of the sale, the chief executive officer now directly owns 379,452 shares in the company, valued at approximately $197,493,382.44. The disclosure for this sale can be found here. Insiders sold a total of 42,284 shares of company stock worth $22,205,382 in the last three months. Company insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Intuitive Surgical in the 4th quarter worth $524,111,000. Actinver Wealth Management Inc. acquired a new position in shares of Intuitive Surgical in the 4th quarter worth $313,000. Kentucky Retirement Systems grew its holdings in shares of Intuitive Surgical by 58.0% in the 4th quarter. Kentucky Retirement Systems now owns 4,967 shares of the medical equipment provider’s stock worth $2,379,000 after acquiring an additional 1,824 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Intuitive Surgical in the 4th quarter worth $1,082,000. Finally, CWM Advisors LLC grew its holdings in shares of Intuitive Surgical by 5.0% in the 4th quarter. CWM Advisors LLC now owns 694 shares of the medical equipment provider’s stock worth $332,000 after acquiring an additional 33 shares during the last quarter. 84.78% of the stock is currently owned by institutional investors.

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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