Walt Disney Stock Rating Reaffirmed by TheStreet (DIS)
Walt Disney (NYSE: DIS)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a report issued on Wednesday.
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, largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Walt Disney traded up 0.11% on Wednesday, hitting $57.1703. Walt Disney has a 1-year low of $40.88 and a 1-year high of $57.75. The stock’s 50-day moving average is currently $54.86. The company has a market cap of $103.2 billion and a price-to-earnings ratio of 18.42.
Walt Disney last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $11.34 billion for the quarter, compared to the consensus estimate of $11.21 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts expect that Walt Disney will post $3.45 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich reiterated a “hold” rating on shares of Walt Disney in a research note to investors on Tuesday, March 5th. They now have a $58.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Walt Disney in a research note to investors on Thursday, February 28th. They now have a $62.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Walt Disney in a research note to investors on Wednesday, February 20th. They now have a $62.00 price target on the stock.
Eighteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and eleven have given a hold rating to the stock. Walt Disney has an average rating of “overweight” and a consensus price target of $60.96.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
To view TheStreet’s full report, visit www.thestreetratings.com
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