Intuitive Surgical (NASDAQ: ISRG) was upgraded by Cantor Fitzgerald from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm currently has a $575.00 price target on the stock, up from their previous price target of $550.00.
ISRG has been the subject of a number of other recent research reports. Analysts at Goldman Sachs upgraded shares of Intuitive Surgical from a “neutral” rating to a “buy” rating in a research note to investors on Friday, February 22nd. They now have a $715.00 price target on the stock, up previously from $591.00. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Intuitive Surgical in a research note to investors on Tuesday, February 19th. They now have a $620.00 price target on the stock. Finally, analysts at SunTrust reiterated a “buy” rating on shares of Intuitive Surgical in a research note to investors on Friday, February 15th. They now have a $649.00 price target on the stock.
Ten analysts have rated the stock with a buy rating, one has issued an overweight rating, six have assigned a hold rating, and one has issued a sell rating to the company’s stock. Intuitive Surgical presently has an average rating of “overweight” and an average price target of $630.83.
Intuitive Surgical opened at 509.89 on Friday. Intuitive Surgical has a 52-week low of $467.26 and a 52-week high of $594.89. The stock’s 50-day moving average is currently $555.8. The company has a market cap of $20.460 billion and a price-to-earnings ratio of 31.91.
Intuitive Surgical last posted its quarterly earnings results on Tuesday, January 22nd. The company reported $4.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.02 by $0.23. The company had revenue of $609.30 million for the quarter, compared to the consensus estimate of $584.36 million. During the same quarter in the prior year, the company posted $3.75 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts predict that Intuitive Surgical will post $17.62 earnings per share for the current fiscal year.
Intuitive Surgical, Inc. (Intuitive) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories.
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