The Walt Disney Company Receives Consensus Recommendation of “Buy” from Analysts (NYSE:DIS)
The Walt Disney Company (NYSE:DIS) has earned a consensus rating of “Buy” from the thirty-two brokerages that are presently covering the stock, Analyst RN reports. Five equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $88.68.
DIS has been the subject of a number of recent research reports. 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.
The Walt Disney Company (NYSE:DIS) opened at 90.23 on Monday. The Walt Disney Company has a 52 week low of $60.52 and a 52 week high of $91.14. The stock’s 50-day moving average is $87.50 and its 200-day moving average is $82.99. The company has a market cap of $154.9 billion and a price-to-earnings ratio of 21.70.
The Walt Disney Company (NYSE:DIS) last announced its 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 $4.30 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.