Walt Disney (DIS) PT Raised to $135.00 at Royal Bank of Canada

Walt Disney (NYSE:DIS) had its price objective raised by investment analysts at Royal Bank of Canada to $135.00 in a report issued on Wednesday. The firm currently has a “top pick” rating on the entertainment giant’s stock. Royal Bank of Canada’s price target points to a potential upside of 21.09% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Bank of America reiterated a “buy” rating and set a $120.00 target price (down previously from $125.00) on shares of Walt Disney in a research note on Friday, September 8th. FBR & Co reiterated a “hold” rating and set a $97.00 target price on shares of Walt Disney in a research note on Friday, September 8th. Goldman Sachs Group increased their target price on shares of Walt Disney from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Guggenheim reiterated a “buy” rating and set a $122.00 target price on shares of Walt Disney in a research note on Tuesday, September 5th. Finally, Loop Capital reiterated a “buy” rating and set a $106.00 target price on shares of Walt Disney in a research note on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $114.91.

Shares of Walt Disney (NYSE:DIS) traded down $0.75 on Wednesday, hitting $111.49. 3,713,495 shares of the stock traded hands, compared to its average volume of 9,223,033. Walt Disney has a twelve month low of $96.20 and a twelve month high of $116.10. The firm has a market capitalization of $168,310.00, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.42.

Walt Disney (NYSE:DIS) last announced its earnings results on Thursday, November 9th. The entertainment giant reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.05). Walt Disney had a return on equity of 19.66% and a net margin of 16.29%. The business had revenue of $12.78 billion for the quarter, compared to analyst estimates of $13.30 billion. During the same quarter last year, the company posted $1.10 EPS. Walt Disney’s quarterly revenue was down 2.8% on a year-over-year basis. sell-side analysts forecast that Walt Disney will post 6.23 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of DIS. Peapack Gladstone Financial Corp increased its stake in shares of Walt Disney by 0.7% during the 1st quarter. Peapack Gladstone Financial Corp now owns 237,847 shares of the entertainment giant’s stock worth $26,969,000 after purchasing an additional 1,769 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Walt Disney by 9.2% during the 1st quarter. Aberdeen Asset Management PLC UK now owns 338,023 shares of the entertainment giant’s stock worth $38,328,000 after purchasing an additional 28,551 shares in the last quarter. Comerica Securities Inc. increased its stake in shares of Walt Disney by 132.8% during the 1st quarter. Comerica Securities Inc. now owns 14,472 shares of the entertainment giant’s stock worth $1,641,000 after purchasing an additional 8,256 shares in the last quarter. InterOcean Capital LLC increased its stake in shares of Walt Disney by 5.0% during the 1st quarter. InterOcean Capital LLC now owns 114,175 shares of the entertainment giant’s stock worth $12,946,000 after purchasing an additional 5,426 shares in the last quarter. Finally, Papp L Roy & Associates increased its stake in shares of Walt Disney by 4.3% during the 1st quarter. Papp L Roy & Associates now owns 92,675 shares of the entertainment giant’s stock worth $10,508,000 after purchasing an additional 3,853 shares in the last quarter. Institutional investors own 61.51% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Walt Disney (DIS) PT Raised to $135.00 at Royal Bank of Canada” was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3127385/walt-disney-dis-pt-raised-to-135-00-at-royal-bank-of-canada.html.

About Walt Disney

The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations.

Analyst Recommendations for Walt Disney (NYSE:DIS)

Receive News & Ratings for Walt Disney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walt Disney and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.