Intuitive Surgical Inc. (NASDAQ:ISRG)‘s stock had its “outperform” rating reaffirmed by analysts at Wedbush in a research note issued to investors on Wednesday. They presently have a $755.00 price target on the stock, down from their previous price target of $785.00. Wedbush’s target price suggests a potential upside of 4.61% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Bank of America Corp. reaffirmed a “buy” rating on shares of Intuitive Surgical in a research note on Wednesday, June 22nd. Citigroup Inc. upped their price objective on shares of Intuitive Surgical from $723.00 to $779.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Stifel Nicolaus upped their price objective on shares of Intuitive Surgical from $700.00 to $800.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Canaccord Genuity upped their price objective on shares of Intuitive Surgical from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $775.00 price objective (up from $750.00) on shares of Intuitive Surgical in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $710.82.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 721.73 on Wednesday. The firm has a market capitalization of $27.78 billion, a P/E ratio of 40.96 and a beta of 0.72. The stock’s 50 day moving average price is $703.09 and its 200 day moving average price is $666.36. Intuitive Surgical has a 52 week low of $483.11 and a 52 week high of $727.25.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 18th. The company reported $6.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.13 by $1.06. The firm had revenue of $682.90 million for the quarter, compared to analysts’ expectations of $650.49 million. Intuitive Surgical had a net margin of 26.80% and a return on equity of 15.25%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.24 earnings per share. On average, analysts predict that Intuitive Surgical will post $21.30 EPS for the current fiscal year.

In other news, SVP Mark J. Meltzer sold 3,000 shares of the stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $688.33, for a total transaction of $2,064,990.00. Following the completion of the sale, the senior vice president now owns 2,331 shares of the company’s stock, valued at $1,604,497.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan J. Levy sold 3,188 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $694.11, for a total transaction of $2,212,822.68. Following the sale, the director now directly owns 5,401 shares of the company’s stock, valued at approximately $3,748,888.11. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Large investors have recently modified their holdings of the company. Adage Capital Partners GP L.L.C. increased its stake in shares of Intuitive Surgical by 0.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 55,629 shares of the company’s stock valued at $33,436,000 after buying an additional 164 shares in the last quarter. Strs Ohio increased its stake in shares of Intuitive Surgical by 6,226.9% in the second quarter. Strs Ohio now owns 47,895 shares of the company’s stock valued at $31,678,000 after buying an additional 47,138 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Intuitive Surgical by 2.7% in the second quarter. Retirement Systems of Alabama now owns 19,404 shares of the company’s stock valued at $12,834,000 after buying an additional 508 shares in the last quarter. Babson Capital Management LLC increased its position in Intuitive Surgical by 96.8% in the first quarter. Babson Capital Management LLC now owns 3,416 shares of the company’s stock worth $2,053,000 after buying an additional 1,680 shares during the period. Finally, Legal & General Group Plc increased its position in Intuitive Surgical by 2.9% in the first quarter. Legal & General Group Plc now owns 157,808 shares of the company’s stock worth $94,849,000 after buying an additional 4,398 shares during the period. 92.03% of the stock is owned by institutional investors.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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.

5 Day Chart for NASDAQ:ISRG

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