The Walt Disney Company Stock Rating Reaffirmed by Morgan Stanley (DIS)
The analysts wrote, “Recent Film strength will allow DIS to grow EPS 22% in FY14e, despite lower ESPN & ABC results. Looking to FY15, the 53rd week will help but difficult compares suggest growth will slow to ~10% before reaccelerating in FY16. Remain EW as valuation and estimates already reflect continued IP success.”
Shares of The Walt Disney Company (NYSE:DIS) traded up 0.10% on Tuesday, hitting $82.84. The stock had a trading volume of 487,904 shares. The Walt Disney Company has a 52 week low of $60.41 and a 52 week high of $85.86. The stock has a 50-day moving average of $82.82 and a 200-day moving average of $78.48. The company has a market cap of $143.5 billion and a P/E ratio of 21.29.
The Walt Disney Company (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that The Walt Disney Company will post $4.19 EPS for the current fiscal year.
A number of other firms have also recently commented on DIS. 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. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The Walt Disney Company has a consensus rating of “Buy” and an average target price of $84.59.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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