BidaskClub Upgrades Intuitive Surgical (NASDAQ:ISRG) to Strong-Buy

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Intuitive Surgical (NASDAQ:ISRG) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Several other brokerages have also commented on ISRG. Oppenheimer initiated coverage on shares of Intuitive Surgical in a report on Wednesday, November 20th. They issued a “market perform” rating for the company. UBS Group raised their target price on Intuitive Surgical from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Co set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, October 18th. Redburn Partners began coverage on Intuitive Surgical in a research note on Friday, September 13th. They issued a “buy” rating on the stock. Finally, Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $587.62.

NASDAQ:ISRG opened at $582.33 on Tuesday. The company has a 50-day moving average price of $563.13 and a 200-day moving average price of $524.91. Intuitive Surgical has a 12 month low of $430.24 and a 12 month high of $594.16. The stock has a market cap of $68.52 billion, a price-to-earnings ratio of 61.36, a P/E/G ratio of 4.44 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. Intuitive Surgical had a net margin of 30.94% and a return on equity of 18.26%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, equities research analysts expect that Intuitive Surgical will post 10.98 earnings per share for the current fiscal year.

In related news, EVP Curet Myriam sold 3,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $553.54, for a total value of $1,660,620.00. Following the completion of the sale, the executive vice president now directly owns 3,851 shares in the company, valued at approximately $2,131,682.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lonnie M. Smith sold 205 shares of Intuitive Surgical stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $554.49, for a total value of $113,670.45. Following the completion of the sale, the director now owns 368,952 shares of the company’s stock, valued at $204,580,194.48. The disclosure for this sale can be found here. Insiders have sold 12,726 shares of company stock valued at $7,036,366 in the last three months. 1.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Intuitive Surgical during the 3rd quarter valued at $35,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Intuitive Surgical by 733.3% during the second 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 last quarter. FNY Investment Advisers LLC bought a new position in Intuitive Surgical in the second quarter valued at about $47,000. North Star Investment Management Corp. bought a new position in Intuitive Surgical in the third quarter valued at about $49,000. Finally, Motco purchased a new position in Intuitive Surgical in the second quarter worth about $51,000. 85.59% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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