Cisco Systems (CSCO) Gets a Buy Rating from Robert W. Baird
Robert W. Baird analyst Jonathan Ruykhaver maintained a Buy rating on Cisco Systems (CSCO) today and set a price target of $52.00. The company’s shares closed last Monday at $47.97.
According to TipRanks.com, Ruykhaver is a 5-star analyst with an average return of 19.5% and a 73.3% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Forescout Technologies, Varonis Systems, and NortonLifeLock.
Cisco Systems has an analyst consensus of Moderate Buy, with a price target consensus of $52.26, a 7.5% upside from current levels. In a report issued on January 31, Oppenheimer also reiterated a Buy rating on the stock with a $55.00 price target.
See today’s analyst top recommended stocks >>
Cisco Systems’ market cap is currently $203.5B and has a P/E ratio of 19.11. The company has a Price to Book ratio of 5.91.
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.