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Walt Disney (NYSE:DIS) was upgraded by investment analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, StockRatingsNetwork reports.

Walt Disney (NYSE:DIS) traded up 1.84% on Monday, hitting $77.06. 8,781,423 shares of the company’s stock traded hands. Walt Disney has a 52-week low of $53.59 and a 52-week high of $76.84. The stock has a 50-day moving average of $74.08 and a 200-day moving average of $68.23. The company has a market cap of $135.0 billion and a price-to-earnings ratio of 20.81.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. The company had revenue of $12.31 billion for the quarter, compared to the consensus estimate of $12.23 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Walt Disney’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Walt Disney will post $4.01 EPS for the current fiscal year.

DIS has been the subject of a number of other recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Walt Disney in a research note to investors on Thursday. They now have a $77.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Walt Disney from $83.00 to $85.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Walt Disney from $75.00 to $80.00 in a research note to investors on Thursday. Thirteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.75.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.

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