The Walt Disney Company Given Buy Rating at Nomura (DIS)
The Walt Disney Company (NYSE:DIS)‘s stock had its “buy” rating reaffirmed by investment analysts at Nomura in a note issued to investors on Wednesday. They currently have a $97.00 price target on the stock, up from their previous price target of $95.00. Nomura’s price target suggests a potential upside of 12.02% from the stock’s previous close.
The Walt Disney Company (NYSE:DIS) traded down 0.18% during mid-day trading on Wednesday, hitting $86.59. 9,787,908 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 $87.63. The stock has a 50-day moving average of $85.6 and a 200-day moving average of $81.25. The company has a market cap of $150.0 billion and a price-to-earnings ratio of 22.32. The Walt Disney Company also was the recipient of some unusual options trading activity on Monday. Stock investors acquired 7,355 put options on the stock. This is an increase of approximately 111% compared to the typical daily volume of 3,481 put options.
The Walt Disney Company (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.12. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $12.17 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that The Walt Disney Company will post $4.20 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DIS. Analysts at BMO Capital Markets raised their price target on shares of The Walt Disney Company from $90.00 to $96.00 in a research note on Wednesday. Separately, analysts at RBC Capital raised their price target on shares of The Walt Disney Company from $89.00 to $92.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of The Walt Disney Company in a research note on Monday. They now have a $88.00 price target on the stock, up previously from $83.00. Seven equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The Walt Disney Company currently has an average rating of “Buy” and a consensus price target of $87.03.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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