Walt Disney Rating Reiterated by TheStreet (DIS)
Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Thursday, StockRatingsNetwork.com 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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.”
Shares of Walt Disney (NYSE:DIS) traded up 0.31% during mid-day trading on Thursday, hitting $64.65. 1,688,680 shares of the company’s stock traded hands. Walt Disney has a 1-year low of $46.53 and a 1-year high of $67.89. The stock has a 50-day moving average of $63.42 and a 200-day moving average of $62.93. The company has a market cap of $115.5 billion and a price-to-earnings ratio of 19.53.
Walt Disney (NYSE:DIS) last released its earnings data on Tuesday, August 6th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.04 by $0.01. The company had revenue of $11.58 billion for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Walt Disney will post $3.38 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DIS. Analysts at Thomson Reuters/Verus upgraded shares of Walt Disney (NYSE:DIS) from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Morgan Stanley downgraded shares of Walt Disney (NYSE:DIS) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 19th. They now have a $70.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Walt Disney (NYSE:DIS) from $72.00 to $76.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.96.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.