Walt Disney Rating Reiterated by TheStreet (DIS)
Walt Disney (NYSE:DIS)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Wednesday, AR Network 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, growth in earnings per share, increase in net income, good cash flow from operations and solid stock price performance. 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 Ned Davis Research downgraded shares of Walt Disney from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Nomura initiated coverage on shares of Walt Disney in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $90.00 price target on the stock. Finally, analysts at Ascendiant Capital Markets reiterated a “top pick” rating on shares of Walt Disney in a research note to investors on Friday, January 3rd. They now have a $90.00 price target on the stock, up previously from $86.00. Fourteen research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $75.11.
Shares of Walt Disney (NYSE:DIS) traded up 0.92% on Wednesday, hitting $74.8844. 815,061 shares of the company’s stock traded hands. Walt Disney has a 52 week low of $52.78 and a 52 week high of $76.84. The stock has a 50-day moving average of $73.17 and a 200-day moving average of $67.51. The company has a market cap of $131.6 billion and a price-to-earnings ratio of 21.95.
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.
In other Walt Disney news, EVP Kevin Mayer sold 27,898 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $74.63, for a total value of $2,082,027.74. Following the transaction, the executive vice president now directly owns 11,847 shares in the company, valued at approximately $884,142. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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