Intuitive Surgical, Inc. (NASDAQ:ISRG) Reviewed By Analysts

20 April, 2017, 08:55 | Author: Eloise Marshall
  • Intuitive Surgical Inc

"We are pleased with broad-based da Vinci procedure growth during the first quarter and are encouraged by trends in key global markets and our USA general surgery business".

Net profit rose to $180 million, or $4.67 per share, from a profit of $136 million, or $3.54 per share, a year ago.

Meanwhile, Intuitive Surgical was expected to earn $4.93 per share according to analysts, also on an adjusted basis. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.90 per share. Similarly, its revenue of $674.2 million, which advanced 13.4 percent, came in above estimates of $670.18 million. Seabold Jeffrey T had sold 9,100 shares worth $187,915 on Thursday, March 9. It worsened, as 57 investors sold Intuitive Surgical, Inc. shares while 165 reduced holdings.

Currently, the analyst consensus on Intuitive Surgical is Moderate Buy and the average price target is $813.70, representing a 1.7% upside. Bessemer Group Inc. now owns 196 shares of the medical equipment provider's stock valued at $124,000 after buying an additional 96 shares during the last quarter.

Other research analysts have also recently issued reports about the stock. Stephens Inc. AR now owns 255 shares of the medical equipment provider's stock worth $185,000 after buying an additional 111 shares in the last quarter.

TRADEMARK VIOLATION WARNING: "Intuitive Surgical (ISRG) Receives Daily News Impact Score of 0.45" was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. Koch Industries Inc. purchased a new stake in Intuitive Surgical during the fourth quarter valued at $205,000. The company now has a consensus rating of "Buy" and a consensus price target of $745.82. Finally, Bank of America Corp set a $800.00 price target on Intuitive Surgical and gave the company a "buy" rating in a report on Tuesday, February 14th.

01/04/2017 - Intuitive Surgical, Inc. was downgraded to " by analysts at Evercore ISI. If you are accessing this story on another publication, it was illegally copied and republished in violation of US & global trademark and copyright legislation.

On 3/15/2017 Amal M Johnson, Director, sold 1,000 with an average share price of $750.00 per share and the total transaction amounting to $750,000.00. Following the sale, the director now directly owns 234,971 shares in the company, valued at approximately $160,809,452.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 222 shares were sold by Myriam Curet, worth $162,016. The disclosure for this sale can be found here.

Since March 6, 2017, it had 0 insider buys, and 3 insider sales for $995,352 activity.

First approved by the FDA back in 2000, its da Vinci surgical system is commonly used for prostatectomies, cardiac valve fix, and gynecologic surgical procedures.

Want to see what other hedge funds are holding ISRG? "Consistent with our mission, we strive to make surgery more effective, less invasive and easier on surgeons, patients and their families by actively engaging hospitals and surgical teams". 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.

Intuitive Surgical, Inc. had its "overweight" rating reiterated by analysts at Barclays.

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