Cantor Fitzgerald Raises Numbers on Intuitive Surgical (ISRG)

December 4, 2012 7:45 AM EST Send to a Friend
Get Alerts ISRG Hot Sheet
Price: $515.43 +0.37%

Rating Summary:
    22 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
Trade ISRG Now!
Join SI Premium – FREE
Cantor Fitzgerald maintained a Hold rating on Intuitive Surgical (NASDAQ: ISRG) and raised its price target to $525.00 (from $475.00).

After meeting with management, analyst Jeremy Feffer said a key takeaway was that "Early experience with SILS cholecystectomies has seen procedure times of 70 minutes, making it well suited to the outpatient setting."

Management also acknowledged that it does not know when or where the bottom is in prostatectomies and expects further annual declines.

Finally, commenting on Firefly, Feffer said, "System ASPs have fluctuated quarter-to-quarter based on the changing mix of features included in units sold, but management is optimistic on the longterm Firefly opportunity, particularly with its value to partial nephrectomies and colorectal surgeries, among others."

For 2013, Cantor Fitzgerald raised EPS from $16.80 to $17.22. 2014 revenues and EPS estimates are $2,879 million and $19.86.

For an analyst ratings summary and ratings history on Intuitive Surgical (NASDAQ: ISRG) click here. For more ratings news on Intuitive Surgical click here.

Shares of Intuitive Surgical closed at $525.41 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Cantor Fitzgerald

Add Your Comment