The Walt Disney Company Rating Reiterated by Zacks (DIS)
The Walt Disney Company (NYSE:DIS)‘s stock had its “neutral” rating restated by Zacks in a note issued to investors on Thursday. They currently have a $92.00 price objective on the stock. Zacks‘s price objective indicates a potential upside of 5.02% from the company’s current price.
Zacks’ analyst wrote, “Incredible success of its movies at the box office helped Disney post yet another quarter of better-than-expected results wherein both the top and bottom lines registered growth of 8% and 24%, respectively. In fact, third-quarter fiscal 2014 earnings of $1.28 per share were the highest in the company’s history. All the segments with the exception of Media Networks continued to deliver double digit profits. We believe that the robust pipeline of movies and sustained growth at Parks and Resorts along with booming opportunities for Interactive segment given releases of new gaming titles will boost revenues in the upcoming quarters. However, higher sports rights as well as increased programming and production costs along with deteriorating traditional advertising revenue trends are near-term headwinds compel us to be on the sidelines. Thus, we reiterate our Neutral recommendation on the stock.”
A number of other analysts have also recently weighed in on DIS. Analysts at Argus raised their price target on shares of The Walt Disney Company from $96.00 to $101.00 in a research note on Tuesday. They now have a “buy” 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, August 6th. They now have a $100.00 price target on the stock, up previously from $90.00. Finally, analysts at Nomura reiterated a “buy” rating on shares of The Walt Disney Company in a research note on Wednesday, August 6th. They now have a $97.00 price target on the stock, up previously from $95.00. Five equities research 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 company’s stock. The stock has an average rating of “Buy” and a consensus price target of $88.03.
Shares of The Walt Disney Company (NYSE:DIS) traded up 1.46% on Thursday, hitting $88.88. 5,181,471 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 $87.98. The stock’s 50-day moving average is $86.27 and its 200-day moving average is $81.70. The company has a market cap of $152.6 billion and a P/E ratio of 21.04.
The Walt Disney Company (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that The Walt Disney Company will post $4.29 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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