On September 19, 2023, Truist Securities analyst Matthew Thornton expressed his positive outlook on Walt Disney (NYSE:DIS) by reiterating his Buy rating and maintaining a price target of $105 per share. Thornton believes that the stock is currently undervalued and has significant potential for growth. His rating is primarily based on the company’s impressive earnings and revenue growth.
In the second quarter of 2023, Burns J W & Co. Inc. NY reduced its stake in The Walt Disney Company by 3.7%. This development reflects the changing dynamics of the market and investor sentiments towards Disney. However, it is worth noting that the consensus target price for Walt Disney Company, as reported by MarketScreener, stands at $117.50. This indicates that analysts and experts anticipate further upside potential for the company’s stock.
The Walt Disney Company
Updated on: 26/09/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
11:00 PM (UTC)
Date:26 September, 2023
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Disney Stock Performance Declines, but Impressive Financial Growth and Promising Prospects Remain
On September 19, 2023, the stock performance of The Walt Disney Company (DIS) showed a decline compared to the previous day’s closing price. The stock opened at $84.00 and had a day’s range between $81.72 and $84.75. The trading volume for the day was 16,347,697 shares, slightly higher than the average volume of 16,120,393 shares over the past three months.
Despite the decline in stock price, Disney has shown impressive financial growth in recent years. The company’s earnings growth in the last year was a remarkable 57.12%, demonstrating its ability to generate profits. The earnings growth for this year is also positive at 6.99%, indicating continued growth and stability. Looking ahead, Disney is projected to experience a strong earnings growth of 22.27% over the next five years, which bodes well for investors.
The revenue growth for Disney in the last year was 22.55%, showcasing the company’s ability to generate substantial income. This growth is attributed to the success of its various business segments, including movies, theme parks, and streaming services. The company has been successful in leveraging its intellectual properties, such as Marvel and Star Wars, to drive revenue growth.
In terms of valuation, Disney has a P/E ratio of 66.9, indicating that investors are willing to pay a premium for its earnings. The price/sales ratio of 2.09 suggests that the market values Disney’s revenue generation capabilities. The price/book ratio of 1.64 indicates that the stock is trading at a reasonable valuation compared to its book value.
Disney operates in the consumer services sector, specifically in the movies/entertainment industry. The company’s corporate headquarters are located in Burbank, California. Despite the lack of executives mentioned in the provided information, Disney is known for its strong leadership team and experienced management.
Looking ahead, Disney’s next reporting date is set for November 9, 2023. Analysts are forecasting an earnings per share (EPS) of $0.81 for the current quarter. In the previous year, Disney reported annual revenue of $82.6 billion and a profit of $3.1 billion, resulting in a net profit margin of 3.87%.
Overall, despite the decline in stock price on September 19, 2023, Disney’s financial performance and growth prospects remain promising. The company’s strong earnings and revenue growth, coupled with its successful business segments, position it well for future success in the movies/entertainment industry. Investors should keep an eye on Disney’s upcoming earnings report and monitor its performance in the coming months.
DIS Stock Shows Promising Performance with Median Price Target of $110.00: Buy Recommendation from Analysts
DIS stock had a promising performance on September 19, 2023, based on the information provided. According to CNN Money, 24 analysts have offered 12-month price forecasts for Walt Disney Co, with a median target of $110.00. The high estimate stands at $135.00, while the low estimate is $65.00.
The median estimate represents a significant increase of 34.18% from the last recorded price of $81.98.
Furthermore, a consensus among 30 polled investment analysts indicates a unanimous recommendation to buy stock in Walt Disney Co. This rating has remained steady since September.
In terms of financial performance, the current quarter earnings per share for DIS stands at $0.81, while sales amount to $21.6 billion. The reporting date for these figures is set for November 9.
Overall, based on the information provided, DIS stock appears to be in a favorable position. The median price target suggests a significant increase in value, and the consensus among investment analysts is to buy the stock. Investors should keep an eye on the upcoming earnings report on November 9, as it may provide further insights into the company’s performance.