Intuitive Surgical, Inc. (NASDAQ:ISRG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $614.9545.

A number of research analysts have recently issued reports on the company. HSBC lifted their price target on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a report on Monday, January 26th. Citigroup raised Intuitive Surgical from a “neutral” rating to a “buy” rating and set a $590.00 price objective on the stock in a research report on Wednesday, March 11th. Barclays set a $712.00 target price on Intuitive Surgical and gave the company an “overweight” rating in a research note on Monday, January 26th. Wall Street Zen downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Truist Financial increased their price target on shares of Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, December 18th.

Get Our Latest Report on ISRG

Intuitive Surgical Stock Performance

Shares of ISRG opened at $452.66 on Friday. The company has a 50 day moving average price of $494.50 and a 200-day moving average price of $512.92. Intuitive Surgical has a fifty-two week low of $425.00 and a fifty-two week high of $603.88. The stock has a market capitalization of $160.75 billion, a PE ratio of 57.37, a PEG ratio of 3.62 and a beta of 1.66.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.26. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. Intuitive Surgical’s revenue was up 18.8% compared to the same quarter last year. During the same period last year, the company posted $2.21 earnings per share. Equities research analysts forecast that Intuitive Surgical will post 6.43 EPS for the current year.

Insider Activity

In other Intuitive Surgical news, EVP Myriam Curet sold 105 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $493.95, for a total value of $51,864.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Patricia L. Wadors sold 220 shares of Intuitive Surgical stock in a transaction on Friday, February 27th. The stock was sold at an average price of $499.71, for a total transaction of $109,936.20. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 32,943 shares of company stock worth $17,279,568. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Surgical

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Intuitive Surgical during the fourth quarter worth about $2,963,000. Purpose Unlimited Inc. purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $291,000. Carter Financial LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $204,000. Osbon Capital Management LLC acquired a new stake in Intuitive Surgical in the 4th quarter worth approximately $148,000. Finally, World Investment Advisors grew its position in Intuitive Surgical by 27.6% during the 4th quarter. World Investment Advisors now owns 6,888 shares of the medical equipment provider’s stock worth $3,901,000 after purchasing an additional 1,489 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Intuitive Surgical

(Get Free Report)

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.

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Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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