KeyBanc analyst Alex Kurtz maintained a Buy rating on Cisco Systems Inc (CSCO) today and set a price target of $54.00. The company’s shares closed last Monday at $46.79.
According to TipRanks.com, Kurtz is a 5-star analyst with an average return of 11.7% and a 59.7% success rate. Kurtz covers the Technology sector, focusing on stocks such as Pivotal Software Inc, Atlassian, and VMware.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco Systems Inc with a $55.21 average price target, a 19.1% upside from current levels. In a report issued on October 7, Evercore ISI also reiterated a Buy rating on the stock with a $60.00 price target.
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Cisco Systems Inc’s market cap is currently $198.6B and has a P/E ratio of 18.00. The company has a Price to Book ratio of 5.92.
Based on the recent corporate insider activity of 89 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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