Intuitive Surgical (ISRG) is Initiated by Wells Fargo to Outperform

Intuitive Surgical (ISRG) was Initiated by Wells Fargo to “Outperform”. Wells Fargo advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Intuitive Surgical. Northland Capital Downgraded Intuitive Surgical on Jul 21, 2016 to ” Under Perform”, Price Target of the shares are set at $600.Company shares were Reiterated by Wedbush on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 755 from a previous price target of $715 .Company shares were Reiterated by Canaccord Genuity on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 750 from a previous price target of $700 .

On the company’s financial health, Intuitive Surgical reported $5.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.63 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $4.99. The company had revenue of $670.10 million for the quarter, compared to analysts expectations of $642.46 million. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.57 EPS.

Intuitive Surgical closed down -14.31 points or -1.97% at $710.3 with 2,36,113 shares getting traded on Tuesday. Post opening the session at $724.13, the shares hit an intraday low of $706.38 and an intraday high of $724.13 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 24, 2016, Mark J Meltzer (SVP General Counsel & CCO) sold 3,000 shares at $688.33 per share price. According to the SEC, on Aug 5, 2016, Alan J Levy (director) sold 3,188 shares at $694.11 per share price. On Aug 2, 2016, Gary S Guthart (President & CEO) sold 13,400 shares at $698.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Intuitive Surgical Inc. designs manufactures 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 vision system. The da Vinci Surgical System provides its operating surgeons with control range of motion tissue manipulation 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. Its da Vinci Surgery utilizes computational robotic and imaging technologies. The Company has four generations of da Vinci Surgical System: the da Vinci Xi Surgical System the da Vinci Si Surgical System the da Vinci S Surgical System and the standard da Vinci Surgical System. The Company focuses on five surgical specialties: urologic surgery gynecologic surgery general surgery cardiothoracic surgery and head and neck surgery.

Intuitive Surgical

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