Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) have been given a consensus rating of “Buy” by the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $163.16.
Several equities research analysts recently weighed in on the company. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 target price for the company. in a report on Wednesday, August 16th. Citigroup Inc. restated a “buy” rating and set a $119.78 target price (up from $101.89) on shares of Intuitive Surgical in a report on Monday, July 24th. Wells Fargo & Company restated a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. BidaskClub upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th.
Shares of Intuitive Surgical (ISRG) traded down $1.32 during trading on Monday, hitting $392.48. The stock had a trading volume of 617,000 shares, compared to its average volume of 967,291. The company has a market cap of $43,950.00, a price-to-earnings ratio of 51.94, a PEG ratio of 5.45 and a beta of 0.46. Intuitive Surgical has a 12-month low of $203.57 and a 12-month high of $400.00.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.99 by $0.78. The firm had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. equities analysts anticipate that Intuitive Surgical will post 7.85 earnings per share for the current fiscal year.
In other news, Director Lonnie M. Smith sold 580 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $386.76, for a total value of $224,320.80. Following the completion of the transaction, the director now owns 559,410 shares in the company, valued at approximately $216,357,411.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Mark J. Meltzer sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the transaction, the senior vice president now owns 2,796 shares of the company’s stock, valued at approximately $2,865,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,656 shares of company stock valued at $15,432,702. 2.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of ISRG. Eqis Capital Management Inc. bought a new position in Intuitive Surgical during the 2nd quarter valued at approximately $326,000. APG Asset Management N.V. increased its position in Intuitive Surgical by 4.3% during the 2nd quarter. APG Asset Management N.V. now owns 28,482 shares of the medical equipment provider’s stock valued at $26,641,000 after buying an additional 1,176 shares in the last quarter. Huntington National Bank increased its position in Intuitive Surgical by 50.0% during the 2nd quarter. Huntington National Bank now owns 255 shares of the medical equipment provider’s stock valued at $239,000 after buying an additional 85 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Intuitive Surgical by 88.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 1,049 shares of the medical equipment provider’s stock valued at $981,000 after buying an additional 492 shares in the last quarter. Finally, Jag Capital Management LLC increased its position in Intuitive Surgical by 69.6% during the 2nd quarter. Jag Capital Management LLC now owns 14,002 shares of the medical equipment provider’s stock valued at $13,097,000 after buying an additional 5,748 shares in the last quarter. 32.95% of the stock is owned by institutional investors.
About Intuitive Surgical
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.
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