Intuitive Surgical, Inc. (NASDAQ:ISRG) Receives $508.68 Average Target Price from Analysts

by · The Markets Daily

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirty-one analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $508.6830.

Several analysts have recently issued reports on ISRG shares. Citigroup decreased their target price on shares of Intuitive Surgical from $590.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. BTIG Research reissued a “buy” rating and set a $469.00 price objective on shares of Intuitive Surgical in a research note on Tuesday, September 8th. Wells Fargo & Company restated an “overweight” rating and set a $487.00 price objective (down from $654.00) on shares of Intuitive Surgical in a research report on Friday, July 17th. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Intuitive Surgical from $440.00 to $366.00 and set a “sell” rating on the stock in a research report on Tuesday, June 2nd.

Read Our Latest Stock Report on Intuitive Surgical

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Gary Loeb sold 400 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $379.00, for a total transaction of $151,600.00. Following the transaction, the executive vice president owned 5,320 shares in the company, valued at $2,016,280. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Fredrik Widman sold 1,089 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $374.44, for a total transaction of $407,765.16. Following the completion of the sale, the vice president directly owned 1,026 shares in the company, valued at approximately $384,175.44. This represents a 51.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,370 shares of company stock valued at $4,891,989 over the last three months. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. White Lighthouse Investment Management Inc. grew its stake in shares of Intuitive Surgical by 5.1% during the 4th quarter. White Lighthouse Investment Management Inc. now owns 473 shares of the medical equipment provider’s stock worth $268,000 after purchasing an additional 23 shares during the period. Alteri Wealth LLC increased its holdings in Intuitive Surgical by 5.0% in the fourth quarter. Alteri Wealth LLC now owns 483 shares of the medical equipment provider’s stock valued at $274,000 after buying an additional 23 shares in the last quarter. Connecticut Wealth Management LLC lifted its position in shares of Intuitive Surgical by 1.8% during the 4th quarter. Connecticut Wealth Management LLC now owns 1,308 shares of the medical equipment provider’s stock valued at $741,000 after acquiring an additional 23 shares during the period. 3Chopt Investment Partners LLC lifted its position in shares of Intuitive Surgical by 5.2% during the 1st quarter. 3Chopt Investment Partners LLC now owns 462 shares of the medical equipment provider’s stock valued at $213,000 after acquiring an additional 23 shares during the period. Finally, Principle Wealth Partners LLC boosted its stake in shares of Intuitive Surgical by 0.7% during the 4th quarter. Principle Wealth Partners LLC now owns 3,751 shares of the medical equipment provider’s stock worth $2,124,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $398.30 on Friday. Intuitive Surgical has a 1-year low of $328.57 and a 1-year high of $603.88. The business has a 50 day simple moving average of $373.22 and a two-hundred day simple moving average of $417.10. The stock has a market capitalization of $140.71 billion, a PE ratio of 45.62, a P/E/G ratio of 3.03 and a beta of 1.47.

Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last posted its earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.32. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted $1.81 earnings per share. Intuitive Surgical’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, analysts anticipate that Intuitive Surgical will post 8.87 EPS for the current fiscal year.

Intuitive Surgical Company Profile

(Get Free Report)

Intuitive Surgical, Inc is a medical technology company that develops and manufactures robotic-assisted surgical systems and related products. Its technology is designed to support surgeons during minimally invasive procedures by providing enhanced visualization, instrument control and dexterity.

The company’s principal product is the da Vinci Surgical System, which is used across a range of specialties, including general surgery, urology, gynecology, cardiothoracic surgery and other procedures.

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