Notable Upgrades: Intuitive Surgical (ISRG), Burger King (BKW), Oracle Corporation (ORCL), Plexus Corp. (PLXS)

Analystst at Goldman Sachs (GS) are out with a report this morning upgrading shares of Intuitive Surgical, Inc. (ISRG) with a ‘Buy’ from ‘Neutral’ rating. The firm currently has a $584 12-month base case estimate on the stock, up from their previous price target of $466. Goldman said it based its upgrade on improving hospital spending environment and long-term uptake of surgery procedures in the U.S.

ISRG shares are currently priced at 40.41x this year’s forecasted earnings, which makes them expensive compared to the industry’s 8.41x earnings multiple. Ticker has a forward P/E of 26.02 and t-12 price-to-sales ratio of 8.33. EPS for the same period is $12.17.

In the past 52 weeks, shares of Sunnyvale, California-based company have traded between a low of $346.46 and a high of $541.23 and are now at $491.77. Shares are up 31.66% year-over-year and 23.73% year-to-date.

Burger King Worldwide, Inc. (BKW) was upgraded by Morgan Stanley (MS) from an ‘Equal weight’ rating to an ‘Overweight’ rating in a research note issued on Monday.

Burger King shares are currently priced at 41.72x this year’s forecasted earnings compared to the industry’s 6.18x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.87 and 26.16, respectively. Price/Sales for the same period is 10.16 while EPS is $0.75. Currently there are 3 analysts that rate BKW a ‘Buy’, 6 rate it a ‘Hold’. No analysts rate it a ‘Sell’. BKW has a median Wall Street price target of $34.00 with a high target of $38.00.

In the past 52 weeks, shares of Miami, Florida-based food chain have traded between a low of $18.86 and a high of $34.20 and are now at $31.29. Shares are up 56.99% year-over-year adn 32.28% year-to-date.

Oracle Corporation (ORCL) was upgraded by DA Davidson from a ‘Neutral’ rating to a ‘Buy’ rating in a research note issued on Monday. The firm maintained $47 price target on the name implying 19.98% expected return from ticker’s current pps. The upgrade follows Oracle’s OpenWorld User Conference and Analyst Day during which the enterprise software developer introduced a large number of new products across all lines of business.

ORCL shares recently gained $0.40 to $39.17. In the past 52 weeks, shares of Redwood City, California-based company have traded between a low of $32.00 and a high of $43.19. Shares are up 18.49% year-over-year and 2.59% year-to-date.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

Sidoti is out with a report this morning upgrading shares of Plexus Corp. (PLXS) with a ‘Buy’ from ‘Neutral’ rating.

PLXS shares recently gained $1.52 to $38.61. The stock is up more than 0.60% year-over-year and has lost roughly 14.32% year-to-date. In the past 52 weeks, shares of Neenah, Wisconsin-company have traded between a low of $36.00 and a high of $45.53.

Plexus Corp., which closed Friday at $37.09, has a total market cap of $1.30B.

Be the first to comment

Leave a Reply

Your email address will not be published.


*