RBC Capital Increases Walt Disney Price Target to $74.00 (DIS)
Equities research analysts at RBC Capital increased their price target on shares of Walt Disney (NYSE:DIS) from $71.00 to $74.00 in a research note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective indicates a potential upside of 7.25% from the company’s current price.
Shares of Walt Disney (NYSE:DIS) traded down 0.38% during mid-day trading on Monday, hitting $69.00. 4,469,216 shares of the company’s stock traded hands. Walt Disney has a 52-week low of $46.53 and a 52-week high of $67.89. The stock’s 50-day moving average is $63.26 and its 200-day moving average is $62.30. The company has a market cap of $123.3 billion and a P/E ratio of 20.99. Walt Disney also was the recipient of some unusual options trading activity on Friday. Stock investors acquired 17,032 call options on the stock. This is an increase of approximately 138% compared to the typical daily volume of 7,158 call options.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, analysts predict that Walt Disney will post $3.37 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Walt Disney from $62.00 to $69.00 in a research note to investors on Monday. Separately, analysts at McLean Capital Management upgraded shares of Walt Disney from a “sell” rating to a “neutral” rating in a research note to investors on Friday. Finally, analysts at FBR & Co. initiated coverage on shares of Walt Disney in a research note to investors on Friday. They set an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.90.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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