Analysts Offer Insights on Consumer Goods Companies: Cisco Systems (NASDAQ: CSCO) and Philip Morris (NYSE: PM)

By Ryan Adsit

Analysts fell to the sidelines weighing in on Cisco Systems (NASDAQ: CSCO) and Philip Morris (NYSE: PM) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Cisco Systems (NASDAQ: CSCO)

In a report issued on June 21, Josep Bori from Berenberg Bank assigned a Hold rating to Cisco Systems (NASDAQ: CSCO), with a price target of $35. The company’s shares opened today at $32.09.

According to TipRanks.com, Bori is a 3-star analyst with an average return of 9.7% and a 76.5% success rate. Bori covers the Technology sector, focusing on stocks such as Citrix Systems, Splunk Inc, and Teradata.

Currently, the analyst consensus on Cisco Systems is Moderate Buy and the average price target is $35.77, representing an 11.5% upside.

In a report issued on June 21, J.P. Morgan also reiterated a Hold rating on the stock.
Philip Morris (NYSE: PM)

Berenberg Bank analyst Jonathan Leinster assigned a Hold rating to Philip Morris (NYSE: PM) yesterday and set a price target of $96. The company’s shares opened today at $119.56, close to its 52-week high of $123.55.

According to TipRanks.com, Leinster is a 3-star analyst with an average return of 10.5% and a 87.5% success rate. Leinster covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Reynolds American, and Imperial Brands.

Currently, the analyst consensus on Philip Morris is Moderate Buy and the average price target is $111.67, representing a -6.6% downside.

In a report issued on June 20, Jefferies also reiterated a Hold rating on the stock with a $121 price target.

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.