Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Wednesday, ARN reports.
The analysts wrote, “Walt Disney (DIS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
A number of other analysts have also recently weighed in on DIS. Analysts at RBC Capital raised their price target on shares of Walt Disney from $74.00 to $75.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets cut their price target on shares of Walt Disney from $76.00 to $75.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 11th. Twelve analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $73.15.
Shares of Walt Disney (NYSE:DIS) traded up 0.49% on Wednesday, hitting $69.46. 670,629 shares of the company’s stock traded hands. Walt Disney has a 52-week low of $47.84 and a 52-week high of $70.17. The stock has a 50-day moving average of $67.48 and a 200-day moving average of $65.17. The company has a market cap of $125.0 billion and a P/E ratio of 20.45. Walt Disney also was the target of some unusual options trading activity on Tuesday. Stock traders bought 16,798 put options on the company. This represents an increase of approximately 132% compared to the typical volume of 7,235 put options.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.02. The company had revenue of $11.57 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the company posted $0.68 earnings per share. Walt Disney’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Walt Disney will post $3.93 earnings per share for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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