The Walt Disney Company’s Equal Weight Rating Reiterated at Morgan Stanley (DIS)
The Walt Disney Company (NYSE:DIS)‘s stock had its “equal weight” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Wednesday. They currently have a $95.00 target price on the stock, up from their previous target price of $85.00. Morgan Stanley’s price objective points to a potential upside of 4.63% from the company’s current price.
A number of other analysts have also recently weighed in 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. Six equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $88.90.
Shares of The Walt Disney Company (NYSE:DIS) opened at 90.80 on Wednesday. The Walt Disney Company has a one year low of $60.52 and a one year high of $91.14. 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 $155.9 billion and a P/E ratio of 21.59.
The Walt Disney Company (NYSE:DIS) last announced its 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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