Analysts at JPMorgan Chase & Co. reiterated a Buy rating on shares of Intuitive Surgical Inc. (NASDAQ: ISRG) in a reserach note to investors, making it one of the more actively watched stocks on Wall Street. JPMorgan Chase & Co. currently has a rating of Buy on the shares. As a means of comparison, a number of other analysts have commented on the company recently, and Intuitive Surgical Inc. has earned a consensus one-year price target of $741.71, higher than the opening price of $696.18. Intuitive Surgical Inc. stock has a 52-week high of $720.01. Usually, after analysts issue a “reiterated rating” report on a stock, they will subsequently issue other 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, which is a jump of $5.32 compared to the previous closing price.
Intuitive Surgical Inc. (NASDAQ: ISRG) currently has a market cap of 26.90B.
281,016 shares traded hands yesterday, 29 percent higher than normal, out of a total float 37,867,000. Excessive volume aggregation by institutional investors may be on the horizon as the combination of significant expansions in trading volume and price appreciation can be deciding factors.
While higher trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is very important.
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 research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
By following the activity of these professional investors and how they affect moving averages,it allows for traders to make more useful decisions on trades.
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 critical factor to consider when investing in stocks and investors identify companies that have been successful at growing their earnings at least 25% or more over 3 consecutive years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.