The Walt Disney Company Given Average Recommendation of “Buy” by Analysts (NYSE:DIS)
Shares of The Walt Disney Company (NYSE:DIS) have been given an average rating of “Buy” by the thirty-eight brokerages that are currently covering the company, American Banking and Market News reports. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $81.85.
Shares of The Walt Disney Company (NYSE:DIS) traded up 0.80% during mid-day trading on Tuesday, hitting $79.74. 978,435 shares of the company’s stock traded hands. The Walt Disney Company has a 52 week low of $60.41 and a 52 week high of $83.65. The stock’s 50-day moving average is $80.1 and its 200-day moving average is $74.11. The company has a market cap of $139.7 billion and a P/E ratio of 21.75.
The Walt Disney Company (NYSE:DIS) last announced its earnings results on Wednesday, February 5th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.79 earnings per share. The Walt Disney Company’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that The Walt Disney Company will post $4.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Evercore Partners raised their price target on shares of The Walt Disney Company from $80.00 to $85.00 in a research note on Thursday, April 17th. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Walt Disney Company in a research note on Wednesday, April 9th. They now have a $88.00 price target on the stock, up previously from $85.00. Finally, analysts at Bank of America raised their price target on shares of The Walt Disney Company to $94.00 in a research note on Friday, April 4th. They now have a “buy” rating on the stock.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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