Where is Cisco Trading Compared to Analyst Target Estimates in November 2017?
Analyst recommendations for Cisco
Of the 26 analysts tracking Cisco Systems (CSCO) stock, 18 recommend a “buy,” while eight recommend a “hold.” There are currently no “sell” recommendations for the stock.
The analysts’ price target for Cisco stock is now $35.73, with a median target estimate of $36. Cisco is thus trading at a discount of 4.3% to the median analyst estimate.
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Cisco has generated returns of 11.3% in the trailing-12-month period and has risen ~14% since the start of calendar 2017, after rising over 15% in 2016. Cisco stock has risen 2.2% in the past month but has fallen 0.5% in the past five trading days.
On November 8, Cisco closed the trading day at $34.5. Based on that price, the stock’s moving averages are as follows:
- 6.4% above its 100-day moving average of $32.43
- 3.4% above its 50-day moving average of $33.35
- 1.2% above its 20-day moving average of $34.1
RSI and MACD
Cisco’s 14-day MACD (moving average convergence divergence) is 0.34. (A stock’s MACD is the difference between its short-term and long-term moving averages.) Since Cisco’s MACD is positive, it suggests an upward trading pattern.
Cisco has a 14-day RSI (relative strength index) score of 62, which shows that the stock is trading close to overbought territory. (If an RSI is above 70, it means that a stock has likely been overbought, while an RSI figure below 30 suggests that the stock may be oversold.)