Redburn Partners Begins Coverage on Intuitive Surgical (NASDAQ:ISRG)

Stock analysts at Redburn Partners started coverage on shares of Intuitive Surgical (NASDAQ:ISRG) in a report released on Friday, The Fly reports. The firm set a “buy” rating on the medical equipment provider’s stock.

Several other equities analysts have also recently commented on ISRG. UBS Group set a $560.00 target price on shares of Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, July 19th. Piper Jaffray Companies lifted their target price on shares of Intuitive Surgical from $610.00 to $633.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Cantor Fitzgerald set a $620.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Northland Securities set a $375.00 target price on shares of Intuitive Surgical and gave the stock a “sell” rating in a research report on Friday, July 19th. Three research 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. Intuitive Surgical currently has an average rating of “Hold” and a consensus price target of $575.33.

ISRG stock traded up $0.10 during mid-day trading on Friday, reaching $523.22. 275,367 shares of the company traded hands, compared to its average volume of 723,429. The stock has a market cap of $60.46 billion, a price-to-earnings ratio of 55.13, a P/E/G ratio of 3.89 and a beta of 1.13. Intuitive Surgical has a fifty-two week low of $430.24 and a fifty-two week high of $589.32. The firm’s 50 day moving average price is $507.86 and its 200 day moving average price is $522.04.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $1.02. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $2.76 EPS. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities analysts predict that Intuitive Surgical will post 10.12 EPS for the current fiscal year.

In related news, COO Salvatore Brogna sold 1,171 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $505.23, for a total value of $591,624.33. Following the sale, the chief operating officer now owns 5,933 shares of the company’s stock, valued at approximately $2,997,529.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lonnie M. Smith sold 215 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $493.18, for a total transaction of $106,033.70. Following the completion of the sale, the director now directly owns 330,868 shares in the company, valued at approximately $163,177,480.24. The disclosure for this sale can be found here. Insiders sold a total of 25,869 shares of company stock worth $13,664,252 in the last ninety days. 1.70% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of ISRG. Manchester Financial Inc. bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth approximately $25,000. Icon Wealth Partners LLC bought a new stake in Intuitive Surgical during the 1st quarter valued at $26,000. Advisory Alpha LLC bought a new stake in Intuitive Surgical during the 1st quarter valued at $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Intuitive Surgical by 733.3% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 75 shares of the medical equipment provider’s stock valued at $39,000 after acquiring an additional 66 shares during the period. Finally, Glassman Wealth Services raised its holdings in Intuitive Surgical by 207.7% during the 1st quarter. Glassman Wealth Services now owns 80 shares of the medical equipment provider’s stock valued at $46,000 after acquiring an additional 54 shares during the period. 85.97% of the stock is currently owned by institutional investors.

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.

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The Fly

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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