Major Brokerage Firms Issue Research Notes on Intuitive Surgical Inc. (ISRG)

Intuitive Surgical Inc. (NASDAQ:ISRG) saw an upside of 0.08% to close Tuesday at $324.45 after adding $0.27 on the day. The 5-day average trading volume is 1,476,380 shares of the company’s common stock. It has gained $346.84 in the past week. An average of 1,693,520 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,530,560.

ISRG’s 1-month performance is -5.30% or -$16.71 on its low of $321.05 reached on 10/04/21. The company’s shares have touched a 52-week low of $217.67 and high of $362.34, with the stock’s rally to the 52-week high happening on 09/08/21. YTD, ISRG has achieved 18.98% or $51.75. However, the current price is down -10.46%% from the 52-week high price.

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Insider Transactions

On Sep 09, 34 days have gone by since the last insider trading activity for Intuitive Surgical Inc. (ISRG). Curet Myriam (EVP & Chief Medical Officer) most recently sold 4,250 shares at $1082.54 per share on Sep 09. This transaction cost the insider $4,600,782. Director, RUBASH MARK J, sold 1,196 shares at a price of $1083.16 on Sep 09. Then, on Aug 26, EVP & Chief Product Officer DeSantis Robert sold 397 shares at a price of $1048.12 per share. This transaction amounted to $416,104.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 94.92 and a low of 31.84. ISRG stock has a beta of 1.05. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 23.10 while the price-to-book (PB) in the most recent quarter is 10.65, with the price to cash flow ratio at 71.77.

Intuitive Surgical Inc.’s quick ratio for the period ended June 29 was 5.40, with the current ratio over the same period at 6.00 meaning that ISRG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 68.70%. The trailing 12-month EBITDA margin is 30.54% while for the period ending June 29; Intuitive Surgical Inc.’s operating margin was 31.30%. The firm’s gross profit as reported stood at $2.86 billion against revenue of $4.36 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Intuitive Surgical Inc.’s cash and short-term investments amounted to $2.82 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ISRG to announce $1.02 per share in earnings in its latest quarter, but it posted $1.31, representing a 28.40% surprise. EBITDA for the quarter stood at more than $604.5 million. ISRG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.42 billion. Shareholders hold equity totaling $118.75 million

Technical Picture

Let’s look briefly at Intuitive Surgical Inc. (ISRG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 37.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.31%.

The stock’s 5-day moving average is $330.09, reflecting a -1.70% or -$5.62 change from its current price. ISRG is currently trading -6.32% above its 20-day SMA, +16.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.93% and +20.61% respectively.

Stochastic %K and %D was 15.79% and 30.26% and the average true range (ATR) pointed at 9.34. The RSI (14) points at 39.78%, while the 14-day stochastic is at 11.48% with the period’s ATR at 8.89. The stock’s 9-day MACD Oscillator is pointing at -4.49 and -7.67 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Intuitive Surgical Inc. (NASDAQ: ISRG), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for ISRG stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ISRG as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 6 have offered a “buy” rating.

What is ISRG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $111.67 and a high of $393.33, with their median price target at $340.00. Looking at these predictions, the average price target given by analysts is for Intuitive Surgical Inc. (ISRG) stock is $316.09.


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