Cisco Systems (CSCO) Receives a Hold from Credit Suisse
In a report released yesterday, Sami Badri from Credit Suisse maintained a Hold rating on Cisco Systems (CSCO), with a price target of $46.00. The company’s shares closed last Monday at $44.91.
According to TipRanks.com, Badri is ranked #3361 out of 5664 analysts.
Currently, the analyst consensus on Cisco Systems is a Moderate Buy with an average price target of $51.89, implying a 13.9% upside from current levels. In a report issued on November 11, Piper Jaffray also downgraded the stock to Hold with a $51.00 price target.
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Cisco Systems’ market cap is currently $205.7B and has a P/E ratio of 17.27. The company has a Price to Book ratio of 5.69.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CSCO in relation to earlier this year.
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