http://www.americanbankingnews.com/getthestreet reissued their buy rating on shares of Cisco Systems (NASDAQ: CSCO) in a report released on Friday.
“Cisco Systems (CSCO) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
,” the firm’s analyst commented.
A number of other analysts have also recently weighed in on CSCO. Analysts at S&P Equity Research raised their price target on shares of Cisco Systems from $24.00 to $25.00 in a research note to investors on Tuesday, February 19th. They now have a buy rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Cisco Systems from $23.00 to $25.00 in a research note to investors on Friday, February 15th. Finally, analysts at Nomura raised their price target on shares of Cisco Systems from $22.00 to $25.00 in a research note to investors on Friday, February 15th. They now have a buy rating on the stock.
Twenty-seven analysts have rated the stock with a buy rating, three have assigned an overweight rating, nine have assigned a hold rating, one has given an underweight rating, and two have issued a sell rating to the company’s stock. The stock has a consensus rating of overweight and an average target price of $23.44.
Shares of Cisco Systems traded up 2.03% during mid-day trading on Friday, hitting $21.1615. Cisco Systems has a one year low of $14.96 and a one year high of $21.67. The stock’s 50-day moving average is currently $20.. The company has a market cap of $112.8 billion and a P/E ratio of 11.93.
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