Royal Bank Of Canada Reaffirms “Hold” Rating for Intuitive Surgical, Inc. (ISRG)
Royal Bank Of Canada reaffirmed their hold rating on shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in a research report released on Friday morning. The firm currently has a $1,000.00 price objective on the medical equipment provider’s stock.
Several other brokerages have also recently commented on ISRG. Zacks Investment Research upgraded shares of Intuitive Surgical from a hold rating to a buy rating and set a $345.00 price objective for the company in a research note on Thursday, June 8th. Stifel Nicolaus reiterated a buy rating and issued a $366.67 price objective (up previously from $283.33) on shares of Intuitive Surgical in a research note on Saturday, July 22nd. Leerink Swann reiterated an outperform rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Canaccord Genuity cut shares of Intuitive Surgical from a buy rating to a hold rating and set a $290.00 price objective for the company. in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Company reiterated an outperform rating and issued a $350.00 price objective (up previously from $333.33) on shares of Intuitive Surgical in a research note on Wednesday, July 12th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Intuitive Surgical has a consensus rating of Buy and a consensus price target of $366.12.
Intuitive Surgical (NASDAQ:ISRG) opened at 1006.75 on Friday. Intuitive Surgical has a 12 month low of $610.71 and a 12 month high of $1,008.62. The firm has a market cap of $37.40 billion, a P/E ratio of 48.22 and a beta of 0.38. The firm has a 50 day moving average of $961.09 and a 200-day moving average of $864.84. Shares of Intuitive Surgical are scheduled to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be issued to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same quarter last year, the business earned $1.87 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Intuitive Surgical will post $23.92 earnings per share for the current year.
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In other news, SVP Curet Myriam sold 750 shares of Intuitive Surgical stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $930.00, for a total transaction of $697,500.00. Following the completion of the sale, the senior vice president now directly owns 1,428 shares in the company, valued at $1,328,040. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the sale, the executive vice president now owns 570 shares of the company’s stock, valued at $571,083. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,422 shares of company stock valued at $27,564,287. Insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. ETF Managers Group LLC purchased a new stake in shares of Intuitive Surgical during the second quarter worth about $110,000. D. Scott Neal Inc. purchased a new stake in shares of Intuitive Surgical during the second quarter worth about $120,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Intuitive Surgical during the second quarter worth about $120,000. Guardian Life Insurance Co. of America grew its holdings in shares of Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.
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.
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