Goldman Sachs Keeps Their Hold Rating on Cisco Systems (CSCO)
In a report released yesterday, Rod Hall from Goldman Sachs maintained a Hold rating on Cisco Systems (CSCO), with a price target of $48.00. The company’s shares closed last Monday at $44.91.
According to TipRanks.com, Hall is a 4-star analyst with an average return of 4.5% and a 48.0% success rate. Hall covers the Consumer Goods sector, focusing on stocks such as Juniper Networks, Arista Networks, and Pure Storage.
Currently, the analyst consensus on Cisco Systems is a Moderate Buy with an average price target of $51.89, 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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The company has a one-year high of $58.26 and a one-year low of $40.25. Currently, Cisco Systems has an average volume of 19.97M.
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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