BidaskClub Downgrades Intuitive Surgical (ISRG) to Buy

Intuitive Surgical (NASDAQ:ISRG) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, BidAskClub reports.

A number of other research firms also recently commented 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 report on Wednesday, December 19th. Northland Securities reiterated a “sell” rating and issued a $375.00 price objective on shares of Intuitive Surgical in a report on Thursday, January 10th. Royal Bank of Canada set a $560.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a report on Thursday, February 28th. Raymond James upped their price objective on Intuitive Surgical from $600.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Finally, Citigroup dropped their price objective on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $576.17.

NASDAQ ISRG traded down $15.38 on Tuesday, reaching $561.43. The company had a trading volume of 854,842 shares, compared to its average volume of 674,241. The company has a market capitalization of $66.54 billion, a PE ratio of 59.16, a P/E/G ratio of 4.58 and a beta of 1.10. Intuitive Surgical has a 52 week low of $420.01 and a 52 week high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.11). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.54 EPS. On average, equities research analysts predict that Intuitive Surgical will post 9.9 EPS for the current year.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 28,152 shares of the stock in a transaction dated 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 $197,493,382.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Curet Myriam sold 1,410 shares of the stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $546.56, for a total value of $770,649.60. Following the completion of the sale, the executive vice president now owns 2,417 shares of the company’s stock, valued at $1,321,035.52. The disclosure for this sale can be found here. Insiders sold 42,284 shares of company stock valued at $22,205,382 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in ISRG. Oregon Public Employees Retirement Fund grew its holdings in shares of Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after buying an additional 14,633,595 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of Intuitive Surgical during the first quarter worth about $31,000. Laurel Wealth Advisors LLC bought a new position in shares of Intuitive Surgical during the fourth quarter worth about $32,000. Athena Capital Advisors LLC bought a new position in shares of Intuitive Surgical during the fourth quarter worth about $33,000. Finally, Financial Advantage Inc. bought a new position in shares of Intuitive Surgical during the fourth quarter worth about $36,000. Institutional investors own 84.91% of the company’s stock.

Intuitive Surgical Company Profile

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.

Further Reading: Dollar Cost Averaging

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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