Intuitive Surgical Inc. (NASDAQ: ISRG) had its Hold rating reiterated by equities researchers at BTIG Research in a research note to investors. With a rating of Hold on the shares, Intuitive Surgical Inc. has a 52-week high of $720.01. The one-year price target of $741.71 is higher than the opening price of $696.18, resulting a fair amount of other analysts to report on the stock in recent days. Typically, after analysts give a “reiterated rating” report on a stock, they will subsequently issue recurring revisions, often followed by a price target change.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Shares of Intuitive Surgical Inc. (NASDAQ: ISRG) opened at $696.18 yesterday and traded in a range between, $694.71 and $700.94, and last traded at $698.87, an increase of $5.32 over the previous closing price.
Intuitive Surgical Inc. (NASDAQ: ISRG) currently has a market cap of 26.90B.
The stock’s average daily volume is 256,633 shares out of a total float 37,867,000 and some 281,016 shares traded hands yesterday, 29 percent above the average. Heavy volume accumulation by institutional investors may be in the near future as the combination of significant increases in trading volume and price inflation can be deciding components.
However, just a day of significant buy side trading is not enough to assert a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain substantial teams of analysts that investigate thousands of stocks, so it is good validation to see them buying a stock you are considering.
Traders are able to make make more impactful judgments on trades when they follow the activity of professional investors.
With that in mind, Intuitive Surgical Inc. (NASDAQ: ISRG) now has a 50-day MA of $688.48 and 200-day MA of $648.02. It has traded in a 52-week range between $447.00 – 720.01 and today’s last price is 0.03% lower than the 52 week high of $720.01.
Earnings growth is a crucial factor to research when investing in stocks and investors identify companies that have increased their earnings at least 25% or more for 3 consecutive years.
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