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TheStreet Wire

Intuitive Surgical Stock Hits New 52-Week High (ISRG)

By TheStreet Wire 04/12/12 - 02:08 PM EDT

Find out if (ISRG) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Intuitive Surgical (Nasdaq:ISRG) hit a new 52-week high Thursday as it is currently trading at $550.68, above its previous 52-week high of $550.47 with 196,926 shares traded as of 12:45 p.m. ET. Average volume has been 322,500 shares over the past 30 days.

Intuitive Surgical has a market cap of $21.36 billion and is part of the health care sector and health services industry. Shares are up 16.6% year to date as of the close of trading on Wednesday.

Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems for various surgical procedures, including urologic, gynecologic, cardiothoracic, general, and head and neck surgeries. The company has a P/E ratio of 43.4, below the average health services industry P/E ratio of 43.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Intuitive Surgical as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Intuitive Surgical Ratings Report.

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