Dougherty & Co Defends Intuitive Surgical (ISRG); Issues Well Known and Already Priced In
Tweet Send to a FriendGet Alerts ISRG Hot Sheet
Price: $478.11 +1.66%
Rating Summary:
18 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
18 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade ISRG Now!
Dougherty & Co maintains a 'Buy' on Intuitive Surgical (NASDAQ: ISRG) price target of $670.00.
Analyst, Junaid Husain, said, "We’re staying BUY rated on Intuitive Surgical following solid 2Q:12 results, which included sales/EPS beats, higher 2012 Y/Y sales growth guidance, healthy ASPs, strong procedure growth, and solid traction of recently introduced new products. While we see some headwinds in the business (i.e., weakening prostatectomy market, soft international system sales), most of this is already well-known and should already be baked into expectations."
FY12 EPS estimate raised from $14.65 to $14.85 and FY13 from $16.70 to $17.00. Husain also raises FY12/13 revenue estimates.
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Junaid Husain, said, "We’re staying BUY rated on Intuitive Surgical following solid 2Q:12 results, which included sales/EPS beats, higher 2012 Y/Y sales growth guidance, healthy ASPs, strong procedure growth, and solid traction of recently introduced new products. While we see some headwinds in the business (i.e., weakening prostatectomy market, soft international system sales), most of this is already well-known and should already be baked into expectations."
FY12 EPS estimate raised from $14.65 to $14.85 and FY13 from $16.70 to $17.00. Husain also raises FY12/13 revenue estimates.
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Workday (WDAY) Success Continues but Valuation Lofty, Goldman Maintains Neutral
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
