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

NEW YORK ( TheStreet) -- Intuitive Surgical (Nasdaq: ISRG) hit a new 52-week high Wednesday as it is currently trading at $535.85, above its previous 52-week high of $533 with 16,912 shares traded as of 9:49 a.m. ET. Average volume has been 338,500 shares over the past 30 days.

Intuitive Surgical has a market cap of $17.16 billion and is part of the health care sector and health services industry. Shares are up 14.8% year to date as of the close of trading on Tuesday.

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, above the average health services industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7.

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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