TD Cowen Forecasts Strong Price Appreciation for Walt Disney (NYSE:DIS) Stock

Walt Disney (NYSE:DIS) had its target price raised by analysts at TD Cowen from $108.00 to $123.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the entertainment giant’s stock. TD Cowen’s price objective suggests a potential upside of 6.88% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Loop Capital lifted their price objective on shares of Walt Disney from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI boosted their price target on shares of Walt Disney from $105.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price objective on Walt Disney from $135.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Piper Sandler assumed coverage on Walt Disney in a report on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Morgan Stanley upped their price target on Walt Disney from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walt Disney has a consensus rating of “Moderate Buy” and an average price target of $123.57.

Walt Disney Stock Performance

Shares of Walt Disney stock opened at $115.08 on Friday. The stock has a market capitalization of $208.71 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.72 and a quick ratio of 0.66. The business has a 50-day moving average of $95.57 and a 200 day moving average of $96.69. Walt Disney has a 12 month low of $83.91 and a 12 month high of $123.74.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. ESL Trust Services LLC purchased a new position in shares of Walt Disney during the first quarter worth approximately $31,000. William B. Walkup & Associates Inc. purchased a new position in Walt Disney during the 2nd quarter worth $32,000. Mascoma Wealth Management LLC increased its stake in Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock valued at $44,000 after purchasing an additional 122 shares during the period. First PREMIER Bank raised its holdings in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock valued at $50,000 after buying an additional 256 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Walt Disney during the third quarter worth about $51,000. Institutional investors and hedge funds own 65.71% of the company’s stock.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.