In a report issued on November 15, Paul Silverstein from Cowen & Co. reiterated a Buy rating on Cisco (CSCO), with a price target of $59. The company’s shares closed on Friday at $46.35.
According to TipRanks.com, Silverstein is a top 100 analyst with an average return of 27.6% and a 62.8% success rate. Silverstein covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Motorola Solutions.
Currently, the analyst consensus on Cisco is a Moderate Buy with an average price target of $52.08, a 12.4% upside from current levels. In a report issued on November 2, Oppenheimer also maintained a Buy rating on the stock with a $50 price target.
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Cisco’s market cap is currently $213.9B and has a P/E ratio of 128.75. The company has a Price to Book ratio of 4.95.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
