Intuitive Surgical (NASDAQ:ISRG) posted its quarterly earnings data on Wednesday. The medical equipment provider reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.12 by $0.46, MarketWatch Earnings reports. Intuitive Surgical had a net margin of 24.45% and a return on equity of 12.08%. During the same quarter in the previous year, the company posted $3.48 earnings per share.
Shares of ISRG opened at $744.08 on Friday. Intuitive Surgical has a twelve month low of $360.50 and a twelve month high of $826.81. The firm’s fifty day simple moving average is $792.68 and its 200-day simple moving average is $722.79. The firm has a market capitalization of $87.47 billion, a price-to-earnings ratio of 84.75, a PEG ratio of 8.96 and a beta of 0.98.
A number of equities analysts recently weighed in on the stock. Morgan Stanley cut shares of Intuitive Surgical from an “overweight” rating to an “equal weight” rating and set a $780.00 price objective for the company. in a research report on Tuesday, December 15th. They noted that the move was a valuation call. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $841.00 to $879.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer increased their price objective on shares of Intuitive Surgical from $365.00 to $410.00 and gave the stock an “underperform” rating in a research report on Friday. They noted that the move was a valuation call. BTIG Research reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Thursday, October 15th. Finally, Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $725.00 to $815.00 and gave the stock a “buy” rating in a report on Friday, October 16th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $736.06.
About Intuitive Surgical
Intuitive Surgical, Inc, together with its subsidiaries, designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. 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.
See Also: What is a Swap?
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.