Intuitive Surgical, Inc. (NASDAQ:ISRG) received a $800.00 price objective from research analysts at Bank of America Corporation in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Bank of America Corporation’s target price indicates a potential upside of 11.62% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Canaccord Genuity reissued a “buy” rating on shares of Intuitive Surgical in a research report on Wednesday, January 25th. RBC Capital Markets set a $760.00 price target on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Wednesday, October 19th. Evercore ISI cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a research report on Wednesday, January 4th. Royal Bank Of Canada increased their price target on shares of Intuitive Surgical from $750.00 to $760.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $755.00 price target (down previously from $785.00) on shares of Intuitive Surgical in a research report on Wednesday, October 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $735.09.
Intuitive Surgical (NASDAQ:ISRG) opened at 716.74 on Tuesday. Intuitive Surgical has a 52-week low of $530.46 and a 52-week high of $727.25. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 38.27 and a beta of 0.55. The stock’s 50 day moving average price is $674.90 and its 200 day moving average price is $675.65.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $6.09 earnings per share for the quarter, beating analysts’ consensus estimates of $5.99 by $0.10. The company earned $757 million during the quarter, compared to analysts’ expectations of $739.65 million. Intuitive Surgical had a net margin of 27.21% and a return on equity of 14.24%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $5.89 EPS. On average, analysts forecast that Intuitive Surgical will post $23.49 EPS for the current year.
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In related news, CFO Marshall Mohr sold 2,000 shares of the stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $700.00, for a total transaction of $1,400,000.00. Following the sale, the chief financial officer now owns 3,289 shares in the company, valued at $2,302,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David J. Rosa sold 7,200 shares of the stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $650.00, for a total transaction of $4,680,000.00. Following the sale, the executive vice president now owns 2,187 shares in the company, valued at approximately $1,421,550. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,200 shares of company stock worth $8,118,370. 3.10% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. Acropolis Investment Management LLC acquired a new stake in Intuitive Surgical during the third quarter valued at $109,000. Bessemer Group Inc. raised its stake in shares of Intuitive Surgical by 96.0% in the fourth quarter. Bessemer Group Inc. now owns 196 shares of the company’s stock valued at $124,000 after buying an additional 96 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Intuitive Surgical by 77.1% in the third quarter. Stephens Inc. AR now owns 255 shares of the company’s stock valued at $185,000 after buying an additional 111 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Intuitive Surgical by 4.2% in the second quarter. IFP Advisors Inc now owns 296 shares of the company’s stock valued at $196,000 after buying an additional 12 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Intuitive Surgical by 41.8% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 275 shares of the company’s stock valued at $199,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
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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