The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) reached all time high today, Oct, 11 and still has $1104.63 target or 54.00% above today’s $717.29 share price. This indicates more upside for the $27.86 billion company. This technical setup was reported by Barchart.com. If the $1104.63 PT is reached, the company will be worth $15.04 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 24,251 shares traded hands. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 27.83% since March 8, 2016 and is uptrending. It has outperformed by 18.51% the S&P500.
Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on October, 18. They expect $4.35 EPS, down 3.33% or $0.15 from last year’s $4.5 per share. ISRG’s profit will be $169.01M for 41.20 P/E if the $4.35 EPS becomes a reality. After $4.86 actual EPS reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts -10.49% negative EPS growth.
Intuitive Surgical, Inc. (NASDAQ:ISRG) Ratings Coverage
Out of 15 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 11 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 73% are positive. $800 is the highest target while $565 is the lowest. The $676.60 average target is -5.67% below today’s ($717.29) stock price. Intuitive Surgical Inc has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Thursday, November 12 the stock rating was initiated by Citigroup with “Buy”. Morgan Stanley upgraded the shares of ISRG in a report on Monday, January 4 to “Overweight” rating. The firm has “Buy” rating given on Wednesday, April 20 by Bank of America. The rating was maintained by Canaccord Genuity with “Buy” on Wednesday, July 20. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, July 20. The stock has “Neutral” rating given by BTIG Research on Friday, April 1. Northland Capital downgraded Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Thursday, July 21. Northland Capital has “Under Perform” rating and $600 price target. Citigroup maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Wednesday, July 20 with “Buy” rating. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, July 22. As per Friday, January 22, the company rating was maintained by Stifel Nicolaus.
According to Zacks Investment Research, “Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.13, from 1.25 in 2016Q1. The ratio dropped, as 35 funds sold all Intuitive Surgical, Inc. shares owned while 178 reduced positions. 54 funds bought stakes while 185 increased positions. They now own 36.66 million shares or 17.03% less from 44.18 million shares in 2016Q1.
Hm Payson & last reported 2,400 shares in the company. Piedmont Invest Ltd Limited Liability Company accumulated 0% or 1 shares. Schwab Charles Mgmt Inc has 0.09% invested in the company for 102,814 shares. The Connecticut-based Trexquant Investment Lp has invested 0.11% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Castleark Management Lc owns 8,350 shares or 0.18% of their US portfolio. Goldman Sachs Gp has invested 0.03% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Northern Trust accumulated 494,042 shares or 0.11% of the stock. Morgan Stanley has invested 0.28% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Edgewood Mgmt Ltd has invested 3.1% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Qci Asset Management Inc Ny holds 0% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 50 shares. Bradley Foster & Sargent Ct accumulated 1,443 shares or 0.04% of the stock. Royal Bank Of Canada last reported 43,757 shares in the company. Bahl And Gaynor accumulated 3,863 shares or 0.03% of the stock. Livforsakringsbolaget Skandia Omsesidigt last reported 0.11% of its portfolio in the stock. Fred Alger Management Inc has 0.17% invested in the company for 47,990 shares.
Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 16 insider sales for $64.11 million net activity. Myriam Curet had sold 530 shares worth $333,560 on Tuesday, May 17. Johnson Amal M sold 2,500 shares worth $1.60 million. Brogna Salvatore also sold $12.91M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. MOHR MARSHALL also sold $3.42 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Wednesday, July 27. On Tuesday, May 3 STALK GEORGE JR sold $4.73 million worth of the stock or 7,644 shares. $474,605 worth of shares were sold by HALVORSON ERIC H on Monday, April 25. 3,188 shares with value of $2.21 million were sold by LEVY ALAN J on Thursday, August 4.
More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “Could Intuitive Surgical, Inc. Be the Next Great Dividend Payer?” on September 30, 2016, also Fool.com with their article: “4 Things Intuitive Surgical, Inc. Management Wants You to Know” published on September 21, 2016, Fool.com published: “Intuitive Surgical, Inc.’s Best Business Segment in 2016 So Far” on August 24, 2016. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Fool.com and their article: “Intuitive Surgical, Inc. Continues Its Trend of Robust Growth” published on July 20, 2016 as well as Fool.com‘s news article titled: “How Worried Should Intuitive Surgical, Inc. Shareholders Be About Brexit?” with publication date: June 29, 2016.
ISRG Company Profile
Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, makes 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. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. The Company’s da Vinci Surgery utilizes computational, robotic and imaging technologies.
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