Intuitive Surgical (NASDAQ:ISRG) Cut to Buy at Vetr

Intuitive Surgical (NASDAQ:ISRG) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, April 10th. They currently have a $454.14 price objective on the medical equipment provider’s stock. Vetr‘s price target indicates a potential downside of 0.47% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Citigroup cut their target price on shares of Intuitive Surgical to $507.00 and set a “buy” rating for the company in a research report on Tuesday, February 6th. Finally, Morgan Stanley increased their price target on shares of Intuitive Surgical from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus target price of $435.32.

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ISRG opened at $456.27 on Tuesday. The stock has a market cap of $52,422.77, a P/E ratio of 63.46, a P/E/G ratio of 4.91 and a beta of 0.57. Intuitive Surgical has a fifty-two week low of $269.10 and a fifty-two week high of $473.79.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.37. The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $773.20 million. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.09 earnings per share. equities analysts forecast that Intuitive Surgical will post 7.85 EPS for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 964 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $428.60, for a total transaction of $413,170.40. Following the transaction, the vice president now directly owns 118 shares of the company’s stock, valued at $50,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mark J. Meltzer sold 6,000 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $419.98, for a total transaction of $2,519,880.00. Following the transaction, the senior vice president now directly owns 11,552 shares in the company, valued at $4,851,608.96. The disclosure for this sale can be found here. Insiders sold 204,497 shares of company stock worth $89,887,473 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC grew its holdings in shares of Intuitive Surgical by 14.9% in the fourth quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock worth $352,000 after purchasing an additional 115 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Intuitive Surgical by 44.1% in the third quarter. Janney Montgomery Scott LLC now owns 461 shares of the medical equipment provider’s stock worth $482,000 after purchasing an additional 141 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Intuitive Surgical by 10.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,838 shares of the medical equipment provider’s stock worth $1,921,000 after purchasing an additional 180 shares during the last quarter. Spectrum Management Group Inc. grew its holdings in shares of Intuitive Surgical by 154.2% in the fourth quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 182 shares during the last quarter. Finally, CWM LLC boosted its holdings in Intuitive Surgical by 200.0% in the fourth quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock valued at $104,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 87.89% of the company’s stock.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

To view Vetr’s full report, visit Vetr’s official website.

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