Intuitive Surgical (NASDAQ:ISRG) Given a $570.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a $570.00 price target on Intuitive Surgical (NASDAQ:ISRG) in a research report released on Friday morning, TipRanks reports. The firm currently has a hold rating on the medical equipment provider’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Co set a $620.00 price objective on Intuitive Surgical and gave the stock a buy rating in a research report on Friday. Cantor Fitzgerald set a $620.00 price objective on Intuitive Surgical and gave the stock a buy rating in a research report on Friday, July 19th. Redburn Partners started coverage on Intuitive Surgical in a research report on Friday, September 13th. They issued a buy rating for the company. Canaccord Genuity reiterated a buy rating and issued a $610.00 price objective (up previously from $575.00) on shares of Intuitive Surgical in a research report on Friday, July 19th. Finally, Northland Securities set a $375.00 price objective on Intuitive Surgical and gave the stock a sell rating in a research report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $583.00.

Shares of ISRG stock traded up $36.85 during mid-day trading on Friday, reaching $566.25. The stock had a trading volume of 2,302,938 shares, compared to its average volume of 574,302. The firm’s 50 day simple moving average is $521.84 and its 200 day simple moving average is $517.32. Intuitive Surgical has a one year low of $430.24 and a one year high of $589.32. The firm has a market cap of $61.02 billion, a PE ratio of 59.67, a P/E/G ratio of 3.89 and a beta of 1.13.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $3.43 EPS for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.44. Intuitive Surgical had a return on equity of 18.77% and a net margin of 30.94%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned $2.83 EPS. The company’s quarterly revenue was up 22.5% on a year-over-year basis. As a group, sell-side analysts expect that Intuitive Surgical will post 10.12 earnings per share for the current year.

In related news, VP Jamie Samath sold 259 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $532.14, for a total transaction of $137,824.26. Following the completion of the transaction, the vice president now owns 277 shares in the company, valued at approximately $147,402.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Reiter Kara Andersen sold 4,120 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $540.00, for a total value of $2,224,800.00. Following the transaction, the senior vice president now owns 7,838 shares of the company’s stock, valued at approximately $4,232,520. The disclosure for this sale can be found here. Insiders have sold a total of 25,869 shares of company stock valued at $13,664,252 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Pinnacle Bank lifted its position in Intuitive Surgical by 50.0% in the second quarter. Pinnacle Bank now owns 135 shares of the medical equipment provider’s stock valued at $71,000 after buying an additional 45 shares during the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of Intuitive Surgical by 28.2% during the second quarter. Burns J W & Co. Inc. NY now owns 1,497 shares of the medical equipment provider’s stock worth $785,000 after purchasing an additional 329 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Intuitive Surgical by 1.0% during the second quarter. Retirement Systems of Alabama now owns 53,837 shares of the medical equipment provider’s stock worth $28,240,000 after purchasing an additional 526 shares in the last quarter. Spence Asset Management lifted its position in shares of Intuitive Surgical by 5.0% during the second quarter. Spence Asset Management now owns 21,628 shares of the medical equipment provider’s stock worth $11,345,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Intuitive Surgical by 99.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 1,876 shares of the medical equipment provider’s stock worth $984,000 after purchasing an additional 934 shares in the last quarter. Institutional investors and hedge funds own 85.90% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. 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.

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Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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