The Walt Disney Company Given Average Recommendation of “Buy” by Analysts (NYSE:DIS)
The Walt Disney Company (NYSE:DIS) has earned an average recommendation of “Buy” from the thirty-two brokerages that are currently covering the company, American Banking & Market News reports. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $88.68.
A number of research firms have recently commented on DIS. Analysts at Zacks reiterated a “neutral” rating on shares of The Walt Disney Company in a research note on Thursday, August 14th. They now have a $92.00 price target on the stock. Separately, 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, August 12th. They now have a “buy” rating on the stock. Finally, 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.
Shares of The Walt Disney Company (NYSE:DIS) traded up 0.39% on Monday, hitting $90.84. 835,020 shares of the company’s stock traded hands. The Walt Disney Company has a 1-year low of $60.41 and a 1-year high of $90.90. The stock has a 50-day moving average of $87.1 and a 200-day moving average of $82.51. The company has a market cap of $155.9 billion and a P/E ratio of 21.73.
The Walt Disney Company (NYSE:DIS) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.28 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.03 earnings per share. The Walt Disney Company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that The Walt Disney Company will post $4.30 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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