Intuitive Surgical 1st-quarter sales, profit top expectations

Faith Castro
April 20, 2017

Intuitive Surgical shares rose to $787 in extended trading from a Nasdaq close at $759.34. It has outperformed by 2.63% the S&P500.

The company said price per da Vinci placement was likely to trend lower going forward as it began to offer lower priced and refurbished older systems to cost sensitive markets.

Investors sentiment increased to 0.99 in Q4 2016. 135 funds opened positions while 440 raised stakes. Hudson Valley Investment Advisors Incorporated Adv has 19,080 shares. Smith Graham And Investment Advsrs Limited Partnership invested in 1.18% or 629,557 shares. Affinity Wealth Management holds 3,296 shares. 23,127 are owned by Advsr Asset Mgmt. (NASDAQ:ISRG) was down -1.16% during the last trading session, with a day high of 768.00.

TRADEMARK VIOLATION NOTICE: "Intuitive Surgical, Inc". The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/04/14/intuitive-surgical-isrg-receives-daily-news-impact-score-of-0-45.html. Cornerstone Advsr owns 27 shares. Its down 0.05, from 1.26 in 2016Q3. Columbus Circle Investors holds 1.37% or 165,736 shares. 562 are owned by Virtu Fin Ltd. Renaissance Lc accumulated 199,891 shares. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) for 1,331 shares. 13,515 shares valued at $9.20M were sold by GUTHART GARY S on Monday, November 7.

In other news, SVP Curet Myriam sold 222 shares of the firm's stock in a transaction dated Friday, February 24th.

09/19/2016 - Intuitive Surgical, Inc. had its " rating reiterated by analysts at Leerink Swann. The systems cost about $1.5 million each. Insiders sold a total of 34,118 shares of company stock worth $25,064,571 over the last ninety days.

Analysts await Intuitive Surgical, Inc. ISRG's profit will be $145.92 million for 48.16 P/E if the $3.97 EPS becomes a reality.

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There are 1 sell rating, 5 hold ratings, 11 buy ratings on the stock. Therefore 71% are positive.

Current levels places Intuitive Surgical, Inc.

07/21/2016 - Intuitive Surgical, Inc. was downgraded to " by analysts at Northland Securities. (NASDAQ:ISRG) earned "Buy" rating by Canaccord Genuity on Wednesday, July 22.

In a report issued on April 17, Barclays also maintained a Buy rating on the stock with a $870 price target. Vetr upgraded Intuitive Surgical, Inc. The stock has "Strong-Buy" rating by Vetr on Wednesday, September 2. 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. (NASDAQ:ISRG) for 12,301 shares. Wedbush has "Buy" rating and $650 target. The company was initiated on Thursday, October 13 by Wells Fargo.

08/26/2016 - Raymond James began new coverage on Intuitive Surgical, Inc. giving the company a " rating. (NASDAQ:ISRG). Victory Cap Management Incorporated owns 49,469 shares. Corporate insiders own 3.10% of the company's stock. Apg Asset Mngmt Nv, Netherlands-based fund reported 44,026 shares.

The results beat Wall Street expectations. The stock now has a consensus rating of "Buy" and an average target price of $745.82. The stock of Robert Half International Inc. The company has a market capitalization of $31.33 billion, a price-to-earnings ratio of 43.12 and a beta of 0.55. The firm has "Sell" rating given on Thursday, September 29 by Northcoast.

Among 15 analysts covering Altria Group Inc. The business earned $674.20 million during the quarter, compared to the consensus estimate of $664.72 million. Visit MarketWatch.com for more information on this news.

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