Canaccord Genuity Maintains a 'Hold' on Intuitive Surgical (ISRG); 2012 Sales Guidance A Bit Lower Than Expected
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Price: $379.94 +1.46%
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Intuitive Surgical (NASDAQ: ISRG) price target of $450.00.
Analyst, Jason R. Mills, said, "ISRG posted strong Q4 results with EPS boosted by a lower-than-expected tax rate. Guidance for 17-19% sales growth in 2012 fell short of our previous 22% estimate, as the company is seeing some macro-driven growth hurdles in Europe. Of course, if 2012 is similar to the past few years, management is likely instituting a measure of conservatism in its guidance. What's more, ISRG has several new product launches – not to mention geographic expansion opportunities – that provide a wider range of potential results in 2012 than the previous few years, in our view. On the other hand, while ISRG remains one of the best, most consistent growth companies in med-tech, the slope of the growth curve is flattening ever so slightly, while the stock’s market valuation is at all-time highs."
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 $474.65 yesterday.
Analyst, Jason R. Mills, said, "ISRG posted strong Q4 results with EPS boosted by a lower-than-expected tax rate. Guidance for 17-19% sales growth in 2012 fell short of our previous 22% estimate, as the company is seeing some macro-driven growth hurdles in Europe. Of course, if 2012 is similar to the past few years, management is likely instituting a measure of conservatism in its guidance. What's more, ISRG has several new product launches – not to mention geographic expansion opportunities – that provide a wider range of potential results in 2012 than the previous few years, in our view. On the other hand, while ISRG remains one of the best, most consistent growth companies in med-tech, the slope of the growth curve is flattening ever so slightly, while the stock’s market valuation is at all-time highs."
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 $474.65 yesterday.
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