Canaccord Genuity Maintains a 'Hold' on Intuitive Surgical (ISRG); Strong Q1 Expected; Shares Close to Fully Valued
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Price: $374.48 --0%
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 12
Rating Summary:
33 Buy, 8 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 12
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Canaccord Genuity maintains a 'Hold' on Intuitive Surgical (NASDAQ: ISRG) price target raised to $535.00.
Analyst, Jason R. Mills, said, "We continue to recommend investors equal weight ISRG in large-cap growth portfolios but believe the stock is prone to a pullback of 10-20% if performance lags even marginally at current valuation levels, so we would not aggressively overweight the stock here."
"We increase our estimates modestly. ISRG is a cash--generating machine.We expect more share repurchases, perhaps a dividend at some point. ISRG generated $167M in cash from operations and ended Q1/12 with $2.4B in cash and investments and no debt."
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 $545.53 yesterday.
Analyst, Jason R. Mills, said, "We continue to recommend investors equal weight ISRG in large-cap growth portfolios but believe the stock is prone to a pullback of 10-20% if performance lags even marginally at current valuation levels, so we would not aggressively overweight the stock here."
"We increase our estimates modestly. ISRG is a cash--generating machine.We expect more share repurchases, perhaps a dividend at some point. ISRG generated $167M in cash from operations and ended Q1/12 with $2.4B in cash and investments and no debt."
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 $545.53 yesterday.
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