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Shares of The Walt Disney Company (NYSE:DIS) hit a new 52-week high during mid-day trading on Friday , Stock Ratings News reports. The company traded as high as $84.99 and last traded at $84.54, with a volume of 2,336,088 shares traded. The stock had previously closed at $84.78.

Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of The Walt Disney Company from $77.00 to $83.00 in a research note on Friday, May 30th. They now have a “hold” rating on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of The Walt Disney Company in a research note on Monday, May 19th. They set a “buy” rating and a $96.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Walt Disney Company in a research note on Friday, May 16th. They now have a $84.00 price target on the stock. Eight 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’s stock. The Walt Disney Company has an average rating of “Buy” and an average price target of $83.84.

The stock has a 50-day moving average of $81.35 and a 200-day moving average of $77.29. The company has a market cap of $146.2 billion and a P/E ratio of 21.81.

The Walt Disney Company (NYSE:DIS) last announced its earnings results on Tuesday, May 6th. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.16. The company had revenue of $11.65 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the company posted $0.79 earnings per share. The Walt Disney Company’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post $4.19 earnings per share for the current fiscal year.

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

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