Walt Disney PT Raised to $69.00 (DIS)
Analysts at Cowen and Company increased their target price on shares of Walt Disney (NYSE:DIS) from $62.00 to $69.00 in a research report issued to clients and investors on Monday, Stock Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at FBR Capital Markets initiated coverage on shares of Walt Disney in a research note to investors on Friday. They set an “outperform” rating and a $84.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $70.90.
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 price-to-earnings ratio of 20.99. Walt Disney also saw some unusual options trading activity on Friday. Stock traders bought 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 issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.03 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.01 earnings per share. Walt Disney’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Walt Disney will post $3.37 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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