Walt Disney (NYSE:DIS)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports.
The analysts wrote, “Walt Disney (DIS) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.”
A number of other firms have also recently commented on DIS. Analysts at RBC Capital raised their price target on shares of Walt Disney from $71.00 to $72.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Walt Disney from $63.00 to $65.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of Walt Disney from $73.00 to $76.00 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock.
Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.93.
Shares of Walt Disney (NYSE: DIS) traded up 0.02% during mid-day trading on Tuesday, hitting $64.41. Walt Disney has a one year low of $46.53 and a one year high of $67.89. The stock’s 50-day moving average is currently $64.18. The company has a market cap of $116.0 billion and a P/E ratio of 19.51.
Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.02. The company had revenue of $10.55 billion for the quarter, compared to the consensus estimate of $10.48 billion. During the same quarter last year, the company posted $0.58 earnings per share. Walt Disney’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Walt Disney will post $3.46 earnings per share for the current fiscal year.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.