Cantor Fitzgerald on Intuitive Surgical (ISRG): Good Q2, But Shares Are Priced For Perfection

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Cantor Fitzgerald maintains a 'Hold' on Intuitive Surgical (NASDAQ: ISRG) price target of $475.00.

Analyst, Jeremy Feffer, said, "Although Intuitive again beat on unit sales, revenues and EPS, procedure growth was a bit light of the Street (although within the guidance range) while Europe was somewhat of a trouble spot. Overall it was a solid quarter, but with a multiple north of 30x, solid is not sufficient...With a forward P/E of 31x and P/E/G of 1.8x (vs. its peers' 17x and 1.4x, respectively), we would still prefer to wait until the risk/reward profile looks more favorable to us."

For an analyst ratings summary and ratings history on Intuitive Surgical click here. For more ratings news on Intuitive Surgical click here.

Shares of Intuitive Surgical closed at $544.21 yesterday, with a 52 week range of $320.00-$594.89.

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