Raymond James Boosts Intuitive Surgical (NASDAQ:ISRG) Price Target to $625.00

Share on StockTwits

Intuitive Surgical (NASDAQ:ISRG) had its target price boosted by analysts at Raymond James from $610.00 to $625.00 in a research note issued on Friday, The Fly reports. Raymond James’ price objective would suggest a potential upside of 10.38% from the stock’s current price.

Other research analysts also recently issued reports about the company. Redburn Partners began coverage on Intuitive Surgical in a report on Friday, September 13th. They set a “buy” rating on the stock. UBS Group raised their price objective on Intuitive Surgical from $560.00 to $590.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Piper Jaffray Companies raised their price objective on Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Northland Securities set a $375.00 price objective on Intuitive Surgical and gave the stock a “sell” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $579.08.

ISRG opened at $566.25 on Friday. The stock’s fifty day moving average is $521.84 and its two-hundred day moving average is $517.32. The company has a market capitalization of $61.02 billion, a P/E ratio of 59.67, a PEG ratio of 3.89 and a beta of 1.13. Intuitive Surgical has a 52 week low of $430.24 and a 52 week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $3.43 EPS for the quarter, topping the consensus estimate of $2.99 by $0.44. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. Intuitive Surgical had a return on equity of 18.77% and a net margin of 30.94%. Intuitive Surgical’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period last year, the business posted $2.83 EPS. Equities analysts anticipate that Intuitive Surgical will post 10.12 EPS for the current year.

In related news, COO Salvatore Brogna sold 1,171 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $505.23, for a total transaction of $591,624.33. Following the transaction, the chief operating officer now directly owns 5,933 shares in the company, valued at approximately $2,997,529.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lonnie M. Smith sold 215 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $493.18, for a total value of $106,033.70. Following the transaction, the director now owns 330,868 shares in the company, valued at $163,177,480.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,869 shares of company stock worth $13,664,252. 1.70% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in ISRG. Nordea Investment Management AB grew its stake in Intuitive Surgical by 221.8% during the 1st quarter. Nordea Investment Management AB now owns 21,140 shares of the medical equipment provider’s stock worth $12,065,000 after buying an additional 14,571 shares during the last quarter. Pinnacle Bank grew its stake in Intuitive Surgical by 50.0% during the 2nd quarter. Pinnacle Bank now owns 135 shares of the medical equipment provider’s stock worth $71,000 after buying an additional 45 shares during the last quarter. Burns J W & Co. Inc. NY lifted its position in Intuitive Surgical by 28.2% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock worth $785,000 after acquiring an additional 329 shares during the period. Retirement Systems of Alabama lifted its position in Intuitive Surgical by 1.0% during the 2nd quarter. Retirement Systems of Alabama now owns 53,837 shares of the medical equipment provider’s stock worth $28,240,000 after acquiring an additional 526 shares during the period. Finally, Spence Asset Management lifted its position in Intuitive Surgical by 5.0% during the 2nd quarter. Spence Asset Management now owns 21,628 shares of the medical equipment provider’s stock worth $11,345,000 after acquiring an additional 1,027 shares during the period. Hedge funds and other institutional investors own 85.90% 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.

See Also: How to Use a Moving Average for TradingĀ 

The Fly

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Perceptron  Scheduled to Post Quarterly Earnings on Monday
Perceptron Scheduled to Post Quarterly Earnings on Monday
Dean Foods  Set to Announce Quarterly Earnings on Tuesday
Dean Foods Set to Announce Quarterly Earnings on Tuesday
Ebix  Scheduled to Post Quarterly Earnings on Tuesday
Ebix Scheduled to Post Quarterly Earnings on Tuesday
Chesapeake Energy  and Callitas Health  Financial Analysis
Chesapeake Energy and Callitas Health Financial Analysis
Ladder Capital  versus Whitestone REIT  Head to Head Contrast
Ladder Capital versus Whitestone REIT Head to Head Contrast
Analysts Expect Snap-on Incorporated  Will Post Earnings of $3.08 Per Share
Analysts Expect Snap-on Incorporated Will Post Earnings of $3.08 Per Share


© 2006-2019 Ticker Report