TheStreet Reiterates “Buy” Rating for Walt Disney (DIS)
Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Sunday, Stock Ratings Network.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, 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 firms have also recently commented on DIS. Analysts at Ascendiant Capital Markets reiterated a “top pick” rating on shares of Walt Disney in a research note to investors on Friday. They now have a $90.00 price target on the stock, up previously from $86.00. Separately, analysts at Guggenheim upgraded shares of Walt Disney from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. They now have a $87.00 price target on the stock, up previously from $77.00. Thirteen research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $74.44.
Shares of Walt Disney (NYSE:DIS) opened at 76.11 on Friday. Walt Disney has a one year low of $50.18 and a one year high of $76.70. The stock has a 50-day moving average of $71.66 and a 200-day moving average of $66.6. The company has a market cap of $133.7 billion and a price-to-earnings ratio of 22.57.
Walt Disney (NYSE:DIS) last issued its quarterly earnings data 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Analysts expect that Walt Disney will post $3.94 EPS for the current fiscal year.
The company also recently announced a annual dividend, which is scheduled for Thursday, January 16th. Shareholders of record on Monday, December 16th will be paid a dividend of 0.86 per share. This represents a dividend yield of 1.22%. The ex-dividend date is Thursday, December 12th. This is a positive change from Walt Disney’s previous annual dividend of $0.75.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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