In a report released today, John Roy from UBS maintained a Buy rating on Cisco Systems (CSCO), with a price target of $54.00. The company’s shares closed last Monday at $48.46.
According to TipRanks.com, Roy is ranked #5342 out of 5664 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cisco Systems with a $53.94 average price target, which is an 11.8% upside from current levels. In a report issued on November 11, Robert W. Baird also maintained a Buy rating on the stock with a $54.00 price target.
See today’s analyst top recommended stocks >>
Based on Cisco Systems’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $13.43 billion and net profit of $2.21 billion. In comparison, last year the company earned revenue of $13.07 billion and had a net profit of $3.55 billion.
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.
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.
