ISRG - Intuitive Surgical, Inc.
614.88 0.00 (0.00%)
After hours: 4:57PM EST
| Previous Close | 604.67 |
| Open | 596.14 |
| Bid | 595.40 x 1100 |
| Ask | 615.32 x 800 |
| Day's Range | 596.14 - 618.57 |
| 52 Week Range | 455.15 - 618.57 |
| Volume | 737,785 |
| Avg. Volume | 631,940 |
| Market Cap | 71.316B |
| Beta (5Y Monthly) | 1.15 |
| PE Ratio (TTM) | 53.28 |
| EPS (TTM) | 11.54 |
| Earnings Date | Apr 15, 2020 - Apr 19, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 655.93 |
Investor's Business Daily VideoIntuitive Surgical Making A Recovery
Decelerating sales and earnings growth on Jan. 23 led to a slide in Intuitive Surgical. The surgical robotics maker took a 10% breather and is right back to new high territory. While there has been a deceleration what is notable is how stable the earnings are stability factor of 3 (lower is better). Not just the systems making up revenue base, 52% of it comes from instruments and accessories. As more procedures are done using the DaVinci system, those one-time tools will bring more to the top line as well.
- TipRanks
Goldman Sachs Has New Stock Plays for Healthcare Fans
When looking at the healthcare industry, one sector in particular has been booming: the medtech space. Over the past five years, this area of the market has outpaced the S&P 500, with the large-cap sector index achieving a CAGR of 13%-plus versus the index’s 11%-plus CAGR.The source of this impressive growth? According to research from investment banking firm Goldman Sachs, the “durability” of this group of stocks fueled the strong performance. Highlighting organic sales growth, analyst Amit Hazan notes that from 2009 through 2015, a period that followed the 2008 recession and included 2015’s healthcare reform, “earnings growth for the group remained robust and never dropped below the high single digit-plus range.”Looking forward, the Goldman Sachs analyst argues that “incremental contribution from a slew of new product innovations within robotics, cardiology, diabetes and other key subsectors and continued regional expansion into faster growing emerging markets” will drive 6%-plus top line organic growth in 2020 and 2021.With this in mind, the analyst pointed to three medtech stocks as being especially compelling in a recent research report, kicking off his coverage of each with a Buy recommendation. Using TipRanks’ Stock Comparison tool, we were able to take a closer look at the picks by lining up the tickers alongside each other.Intuitive Surgical Inc. (ISRG)Earning a coveted spot on Goldman Sachs’ Conviction List, Intuitive Surgical has been at the forefront of robot-assisted surgery, with its da Vinci surgical system being one of the first robotic-assisted systems to receive FDA approval for general laparoscopic surgery. As of 2018, over six million surgeries had been performed using the technology all over the world. After posting a gain of 22% over the last six months, the firm believes that there’s more to come in 2020.Weighing in on ISRG, Hazan points out that surgical robotics adaption is ramping up, and as a result, the total market is expected to triple by 2030. Additionally, while there could be a competitive impact from Medtronic and Johnson & Johnson, the four-star analyst thinks there will be a “greater benefit via market expansion than risk to ISRG’s share from competition.” This combined with new geographic drivers specifically in China should put growth at a steady 18%-plus.Adding to the good news, Hazan expects annual growth contribution from new products to accelerate thanks to the release of its da Vinci Sp, Ion flex diagnostic platform, IRIS augmented reality and several new advanced stage instruments in 2020 and 2021. A new robotics system could also be unveiled within the coming 12 to 18 months.Based on the above factors, earnings could get a significant boost. “A combination of solid top line growth, which slightly leverages OpEx, and a very strong balance sheet should result in consistent high teens earnings growth. Hence, our sales/EPS estimates come in well above the Street,” Hazan commented.In line with his bullish take, the Goldman Sachs analyst initiated coverage by publishing a Buy rating along with a $725 price target. Should the target be met, a 12-month gain of 20% could be in the cards. (To watch Hazan’s track record, click here)Like Hazan, other analysts like what they’re seeing. With 9 Buy ratings and a single Hold assigned in the last three months, the word on the Street is that ISRG is a Strong Buy. While less aggressive than Hazan’s forecast, the $668.67 average price target still implies upside potential of 11%. (See Intuitive Surgical stock analysis on TipRanks)Varian Medical Systems (VAR)Using data and technology, Varian Medical Systems has helped advance radiotherapy, radiosurgery and many other vital cancer-fighting tools. While some investors have been concerned by its inconsistent quarterly performances, Hazan believes that its medium-term growth story is “healthier” than it has been.The analyst expects the company to sustain oncology order growth in the high single digits or low double digits based on Ethos, Halcyon, HyperArc, several new software offerings and new EM opportunities in both China and India. As a result, Hazan tells investors that the company is in a stronger position than it was at any point during the last ten years. Additionally, VAR’s installed base growth has been gaining steam and it has been expanding its MSD. This in turn has enhanced its opportunities in terms of both software and service, with half of revenue now recurring.On top of this, the company has been diversifying through new interventional oncology efforts. “While not very material quite yet, we expect this new segment to grow faster than the corporate average, be accretive to margins and earnings, and to diversify the Varian portfolio into new oncology channels and additional recurring revenue. We expect further investments into these markets, and believe it will be increasingly meaningful in the years ahead,” Hazan stated.Despite the fact that operating margin swing has hampered the stock, Hazan points out that in the next few years, there could be a leverage opportunity. “As Halcyon ramps, oncology GM should improve, while service and software mix should also drive a benefit. The Proton margin drag should diminish as service sales ramp, while we expect recent M&A will increasingly be accretive each year,” he explained.It should come as no surprise, then, that Hazan decided to side with the bulls, initiating coverage with a Buy rating. At $171, the price target implies shares could surge 16% in the next 12 months.In general, the rest of the Street is on the same page. 5 Buys and 1 Hold coalesce into a Strong Buy consensus rating. Based on the $159.67 average price target, the upside potential comes in at 9%. (See Varian Medical stock analysis on TipRanks)Stryker Corporation (SYK)Thanks to its cutting-edge products and services in orthopedics, medical and surgical and neurotechnology and spine that help improve patient and hospital outcomes, Stryker has earned its reputation as one of the top medtech players. As the Goldman Sachs analyst is calling for another year of substantial top line growth, it’s no wonder investors are excited.Based on Hazan’s estimates, organic growth could hit 8%-plus again in 2020. This is higher than Wall Street’s estimate as he thinks ortho robotic market growth and the contribution from new products within MedSurg and Neurotech appear somewhat under-modeled. He also sees less risk in store for SYK in the next year compared to other big growth companies.While acknowledging that he’s somewhat concerned about a possible near-term disruption to the extremities sales force, Hazan still thinks organic growth in the orthopedic division will remain strong and that MAKO-driven share gains as well as a surgery day tailwind can fuel gains. “More broadly, we are bullish on the ortho robotic market for the next few years, with the US installed base reaching 3,500 by 2025 (a 20%-plus CAGR) and SYK maintaining a dominant share. In the medium-to-long term, we expect new robotic opportunities to help SYK’s hips, spine and extremities too,” he noted.In addition, he pointed out, “Medical where strong capital trends and new products should help drive upside versus expectations. In Spine, growth improvement is very likely as K2M turns organic, but further integration risk as well as new competition from robotics suggest downside risk. Separately, Neurotech again looks poised for above-Street results as new Aspiration product intros take hold.”This played into Hazan’s conclusion that a stronger valuation is on the horizon as investor confidence continues to improve. It follows, then, that the analyst started his coverage of SYK at a Buy and attached a price target of $248. This conveys his belief that SYK could rise 12% in the year ahead.Looking at the analyst ratings breakdown, 7 Buys and 4 Holds add up to a Moderate Buy Street consensus. The $238.70 average price target puts the upside potential at 8%. (See Stryker stock analysis on TipRanks)
- Simply Wall St.
What Does Intuitive Surgical, Inc.'s (NASDAQ:ISRG) Share Price Indicate?
Let's talk about the popular Intuitive Surgical, Inc. (NASDAQ:ISRG). The company's shares saw a double-digit share...
- Investor's Business Daily
ISRG Stock: Should You Invest In The Biggest Robotic Surgery Player?
ISRG stock skidded in January, leading Intuitive Surgical stock performance to lag its peers in its medical technology industry group. So, is it time to take on this robotic surgery stock?
- GlobeNewswire
Intuitive Acquires Orpheus Medical to Expand Informatics Platform for Hospitals
Intuitive (ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced it has acquired privately held Orpheus Medical to deepen and expand its integrated informatics platform. Orpheus Medical provides hospitals with information technology connectivity, as well as expertise in processing and archiving surgical video. “The addition of Orpheus will provide customers —including surgeons, patient care teams and hospitals—with ready access to and a deeper understanding of their data, which we believe may help our customers improve patient outcomes and lower total treatment costs,” said Julian Nikolchev, Intuitive’s senior vice president of corporate development and strategy.
- Investor's Business Daily
IBD's Investing Podcast: How To Make More Money In The Stock Market With Stock Charts
Investing with IBD is a weekly podcast focused on helping investors learn how to make more money in the stock market by using stock charts to find top stocks.
- GlobeNewswire
Intuitive Announces Retirement of Board Chair Lonnie M. Smith; Dr. Craig H. Barratt Succeeds Smith as New Chair
Intuitive (ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced today that Lonnie M. Smith has decided to retire from the company’s board of directors when his term ends at the company’s 2020 annual meeting of stockholders, currently scheduled for April. Mr. Smith will join the board of directors of the Intuitive Foundation after his retirement. Intuitive’s board of directors elected Dr. Craig H. Barratt to succeed Mr. Smith as chair effective as of the date of the company’s 2020 annual meeting of stockholders.
- Zacks
Here's Why You Should Add HealthEquity (HQY) to Portfolio Now
Solid prospects in the HSA industry consistently drive HealthEquity (HQY).
- Zacks
Quest Diagnostics to Buy Select Assets of Memorial Hermann
The acquisition is a step forward in Quest Diagnostics' (DGX) commitment toward offering high-quality, cost-efficient diagnostic services in Texas,especially the Houston metropolitan area.
ZacksStocks Plunge More Than 1.5% on Coronavirus Fears
Stocks Plunge More Than 1.5% on Coronavirus Fears
- Thomson Reuters StreetEvents
Edited Transcript of ISRG earnings conference call or presentation 23-Jan-20 9:30pm GMT
Q4 2019 Intuitive Surgical Inc Earnings Call
- Schaeffer's Investment Research
Options Traders React to Sharp ISRG Stock Pullback
ISRG is trading below the 80-day MA for the first time in months
- Zacks
Here's Why You Should Invest in Intuitive Surgical Stock Now
Intuitive Surgical (ISRG) continues to benefit from da Vinci surgical system, strong global foothold and solid recurring revenue base.
- Simply Wall St.
Can Intuitive Surgical, Inc.'s (NASDAQ:ISRG) ROE Continue To Surpass The Industry Average?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Investor's Business Daily
Investors Are Hammering The No. 1 Robotic Surgery Outlet — Here's Why
Intuitive Surgical stock skidded in high volume Friday after the robotic surgery company issued a conservative 2020 outlook for procedure growth following a slowdown in the fourth quarter.
- Zacks
Exact Sciences, GameStop, Intel, Intuitive Surgical and Skyworks highlighted as Zacks Bull and Bear of the Day
Exact Sciences, GameStop, Intel, Intuitive Surgical and Skyworks highlighted as Zacks Bull and Bear of the Day
- Zacks
Intuitive Surgical (ISRG) Q4 Earnings Top, Margins Expand
Intuitive Surgical (ISRG) gains from solid international show in Q4.
- TheStreet.com
Intuitive Surgical Shares Slide Despite Earnings Beat, Analyst Support
Analysts are voicing support for Intuitive Surgical after the medical-equipment producer beat Wall Street's earnings expectations, but the shares are slipping.
- Zacks
Intel, Intuitive, Skyworks All Beat Earnings
Intel, Intuitive Surgical and Skyworks all posted better-than-expected earnings after the bell.
- Investor's Business Daily
Surgical Robotics Leader Dives As Sales, Earnings Growth Decelerate
Surgical robotics giant Intuitive Surgical reported decelerating sales and earnings growth Thursday, leading ISRG stock to slide in after-hours trading. Procedure growth remained strong.
- GlobeNewswire
Intuitive Announces Fourth Quarter Earnings
SUNNYVALE, Calif., Jan. 23, 2020 -- Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery,.
- Investing.com
Intuitive Surgical Earnings, Revenue Beat in Q4
Investing.com - Intuitive Surgical (NASDAQ:ISRG) announced fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
- Benzinga
Intuitive Surgical Q4 Earnings Preview
Intuitive Surgical (NASDAQ: ISRG ) releases its next round of earnings this Thursday, January 23. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report. Earnings ...
- Zacks
5 Spectacular Earnings Charts
All eyes are still on the big cap stocks. These 5 companies could set the tone for trading this week.
- Zacks
Why Earnings Season Could Be Great for Intuitive Surgical (ISRG)
Intuitive Surgical (ISRG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
