Cantor Fitzgerald Maintains a 'Hold' on Intuitive Surgical (ISRG); Raising Numbers, But Not Looking To Chase Shares
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Price: $378.81 +1.16%
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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Cantor Fitzgerald maintains a 'Hold' on Intuitive Surgical (NASDAQ: ISRG) price target of $475.00.
Analyst, Jeremy Feffer, said, "Intuitive put up yet another stellar quarter, beating on both the top and bottom lines as well as on unit sales and procedure growth, while 2012 guidance was raised. Because of these results, we are taking our numbers up and raising our price target from $460 to $475, but the stock remains overvalued, in our view, despite its growth profile. We would prefer not to chase the stock here."
Raises FY12 EPS estimate from $14.34 to $14.62 and FY13 from $16.21 to $16.79.
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, Jeremy Feffer, said, "Intuitive put up yet another stellar quarter, beating on both the top and bottom lines as well as on unit sales and procedure growth, while 2012 guidance was raised. Because of these results, we are taking our numbers up and raising our price target from $460 to $475, but the stock remains overvalued, in our view, despite its growth profile. We would prefer not to chase the stock here."
Raises FY12 EPS estimate from $14.34 to $14.62 and FY13 from $16.21 to $16.79.
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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