After Morgan Stanley and Oppenheimer gave Cisco (NASDAQ: CSCO) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Alex Kurtz reiterated a Buy rating on Cisco yesterday and set a price target of $52. The company’s shares opened today at $45.77, close to its 52-week high of $46.37.
Kurtz has an average return of 17.9% when recommending Cisco.
According to TipRanks.com, Kurtz is ranked #339 out of 4850 analysts.
Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $51.73, which is a 13.0% upside from current levels. In a report released today, J.P. Morgan also maintained a Buy rating on the stock with a $59 price target.
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The company has a one-year high of $46.37 and a one-year low of $30.36. Currently, Cisco has an average volume of 21.41M.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock.
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