Lonnie M. Smith Sells 225 Shares of Intuitive Surgical, Inc. (ISRG) Stock
Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Lonnie M. Smith sold 225 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $540.04, for a total value of $121,509.00. Following the sale, the director now owns 379,175 shares of the company’s stock, valued at $204,769,667. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Intuitive Surgical stock opened at $532.56 on Friday. Intuitive Surgical, Inc. has a one year low of $359.75 and a one year high of $581.12. The stock has a market capitalization of $62.32 billion, a price-to-earnings ratio of 61.31, a price-to-earnings-growth ratio of 3.66 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company had revenue of $920.90 million during the quarter, compared to analysts’ expectations of $916.22 million. During the same period last year, the business posted $2.77 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 9.52 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Piper Jaffray Companies upgraded Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price objective for the company in a research note on Tuesday, October 9th. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 16th. Canaccord Genuity upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and upped their price objective for the stock from $550.00 to $610.00 in a research note on Friday, October 19th. They noted that the move was a valuation call. Goldman Sachs Group upped their price objective on Intuitive Surgical from $540.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Wells Fargo & Co upped their price objective on Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and a consensus target price of $554.64.
COPYRIGHT VIOLATION WARNING: “Lonnie M. Smith Sells 225 Shares of Intuitive Surgical, Inc. (ISRG) Stock” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2018/11/10/lonnie-m-smith-sells-225-shares-of-intuitive-surgical-inc-isrg-stock.html.
Intuitive Surgical Company Profile
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.
Further Reading: Day Trading – Risk Worth the Reward?
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.