Intuitive Surgical (ISRG) Upgraded at BidaskClub

Intuitive Surgical (NASDAQ:ISRG) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

ISRG has been the subject of several other research reports. Wedbush reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Barclays reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a research report on Tuesday, December 12th. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Evercore ISI began coverage on Intuitive Surgical in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $357.44.

Shares of Intuitive Surgical (NASDAQ:ISRG) traded down $2.39 during trading on Thursday, hitting $421.37. The stock had a trading volume of 1,274,671 shares, compared to its average volume of 1,040,000. The firm has a market capitalization of $47,210.00, a PE ratio of 54.44, a PEG ratio of 5.33 and a beta of 0.47. Intuitive Surgical has a 1-year low of $217.19 and a 1-year high of $426.98.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. equities analysts forecast that Intuitive Surgical will post 7.85 EPS for the current year.

In other news, Director Alan J. Levy sold 2,997 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total value of $1,112,935.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig H. Barratt sold 15,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at $2,783,850. The disclosure for this sale can be found here. Insiders sold 55,944 shares of company stock valued at $21,432,971 in the last ninety days. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Edgewood Management LLC increased its stake in shares of Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after purchasing an additional 1,934,382 shares during the period. FMR LLC increased its stake in Intuitive Surgical by 19.6% during the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after acquiring an additional 447,397 shares during the period. Vanguard Group Inc. increased its stake in Intuitive Surgical by 0.8% during the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after acquiring an additional 20,210 shares during the period. Koch Industries Inc. increased its stake in Intuitive Surgical by 202,917.0% during the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after acquiring an additional 1,387,952 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Intuitive Surgical by 42.0% during the third quarter. Janus Henderson Group PLC now owns 585,196 shares of the medical equipment provider’s stock valued at $612,042,000 after acquiring an additional 173,026 shares during the period. Institutional investors and hedge funds own 32.80% of the company’s stock.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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