The Walt Disney Company Sets New 12-Month High at $91.16 (DIS)
The Walt Disney Company (NYSE:DIS) shares reached a new 52-week high on Wednesday , American Banking and Market News reports. The company traded as high as $91.16 and last traded at $90.88, with a volume of 1,778,419 shares trading hands. The stock had previously closed at $90.80.
A number of research firms have recently commented on DIS. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of The Walt Disney Company in a research note on Wednesday. They now have a $95.00 price target on the stock, up previously from $85.00. Separately, 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. Finally, 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. Six analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.90.
The stock’s 50-day moving average is $87.73 and its 200-day moving average is $83.28. The company has a market cap of $156.1 billion and a price-to-earnings ratio of 21.81.
The Walt Disney Company (NYSE:DIS) last released its earnings data 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 $4.30 EPS for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
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