Walt Disney (NYSE:DIS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $122.00 price target on the entertainment giant’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 13.98% from the company’s current price.

According to Zacks, “Disney is expected to benefit from robust sales of the The Incredibles 2 and a scintillating slate of movie titles despite Solo's disappointing performance at box office. Moreover, Avengers: Infinity War’s impressive collections and strong book rates at Parks & Resorts are major growth drivers. The Parks & Resorts segment is gaining from significant visitor growth and increased per capita spending. However, higher programming costs are expected to negatively impact ESPN’s profitability. Moreover, continued subscriber loss remains a concern for the division. The looming bid-war with Comcast for Fox's assets is a headwind. Shares have underperformed the industry on a year-to-date basis.”

A number of other brokerages also recently commented on DIS. Pivotal Research downgraded Walt Disney from a “hold” rating to a “sell” rating and set a $93.00 target price for the company. in a report on Monday. ValuEngine upgraded Walt Disney from a “sell” rating to a “hold” rating in a report on Friday. Vetr downgraded Walt Disney from a “strong-buy” rating to a “buy” rating and set a $113.88 target price for the company. in a report on Wednesday, April 18th. B. Riley decreased their target price on Walt Disney from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Wednesday, May 9th. Finally, BMO Capital Markets upgraded Walt Disney from an “underperform” rating to a “market perform” rating and set a $95.00 target price for the company in a report on Wednesday, April 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $118.96.

Shares of NYSE:DIS traded down $1.81 during trading on Monday, reaching $107.04. 380,686 shares of the company traded hands, compared to its average volume of 8,948,533. The firm has a market cap of $161.83 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. Walt Disney has a 52-week low of $96.20 and a 52-week high of $113.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.79 and a current ratio of 0.85.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Tuesday, May 8th. The entertainment giant reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.14. The firm had revenue of $14.55 billion during the quarter, compared to analyst estimates of $14.11 billion. Walt Disney had a return on equity of 21.13% and a net margin of 20.16%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. research analysts predict that Walt Disney will post 7.12 EPS for the current year.

Several large investors have recently modified their holdings of DIS. Trilogy Capital Inc. bought a new position in shares of Walt Disney during the first quarter valued at $107,000. Avestar Capital LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $108,000. BDO Wealth Advisors LLC increased its holdings in shares of Walt Disney by 184.3% during the first quarter. BDO Wealth Advisors LLC now owns 1,140 shares of the entertainment giant’s stock valued at $114,000 after acquiring an additional 739 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of Walt Disney during the fourth quarter valued at $116,000. Finally, Bruderman Asset Management LLC bought a new position in shares of Walt Disney during the first quarter valued at $116,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming services under the brand ESPN, Disney, and Freeform; broadcast businesses, which include the ABC TV Network and eight owned television stations; radio businesses consisting of the ESPN Radio network; and the Radio Disney network.

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Analyst Recommendations for Walt Disney (NYSE:DIS)

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