The Top 10 Best Analyst Coverage on Walt Disney Co (DIS)


Walt Disney Co (NYSE:DIS) will announce third quarter fiscal 2015 earnings results on Tuesday, August 4, after market close. Investors are getting ready for updates on the company’s five business segments, including media networks, parks and resorts, studio entertainment, consumer products, and interactive media. A variety of Wall Street analysts have been weighing in on Disney throughout the year as the company rolls out new movies, television shows, and attractions. Here are the top 10 analysts who cover Disney to listen to ahead of earnings:

  1. Jason Bazinet of Citigroup last rated Disney on April 27, reiterating a Buy rating on the stock and raising his price target from $110 to $125. Bazinet credited Disney’s acquisition of Pixar and Marvel for its higher intake of box office revenue over the past 10 years. Furthermore, the analyst emphasized that Disney remains a “clear” outperformer in home entertainment and TV licensing performance.

Jason Bazinet

Jason Bazinet has rated Disney a total of three times since 2009, earning an 100% success rate recommending the stock and a +39.1% average return per DISrecommendation when measured over a one-year horizon and no benchmark.

  1. Alexia Quandrani of J.P. Morgan last rated Disney on July 10, reiterating a Buy rating and setting a price target of $121. Quandrani explained that Disney continues to be J.P. Morgan’s top pick in media “for its consistent content execution and earnings strength that has produced six consecutive ‘beat and raise’ quarters.” The analyst expects Disney to monetize in consumer products, parks, media networks, and through its “unrivaled global content portfolio.”

Alexia Quadrani's

Alexia Quandrani has rated Disney a total of nine times since 2010, earning an 100% success rate recommending the stock and a +32.1% average return per Disneyrecommendation when measured over a one-year horizon and no benchmark.

  1. David Bank of RBC Capital last rated Disney on May 4, reiterating a Buy rating on the stock with a price target of $120. Bank noted Disney and Marvel’s success with the film “Avengers: Age of Ultron,” which made $187.7 million in its debut weekend alone, as an indicator of the company’s positive Q3 earnings to come. “The next big bet obviously, we’ll see what happens with ‘Star Wars,” he continued. “It’s been a bad idea to have second-guessed [Disney CEO] Bob Iger on the M&A front for the past decade.”

David Bank

David Bank has rated Disney a total of 10 times since 2012, earning an 100% success rate recommending the stock and a +30.0% average return per recommendation when measured over a one-year horizon and no benchmark.

  1. Jessica Reif Cohen of Merrill Lynch last rated Disney on June 2, reiterating a Buy rating on the stock with a $130 price target. Cohen sees the company’s success in its parks business, capital returns, and the media networks business paired with a positive forecast for its studio as positive indicators for its Q3 earnings.

Jessica ReiF Cohen

Jessica Reif Cohen has rated Disney a total of seven times since 2010, earning an 100% success rate recommending the stock and a +30.0% average return per Disneyrecommendation when measured over a one-year horizon and no benchmark.

  1. Daniel Salmon of BMO Capital last rated Disney on May 6, maintaining an Outperformrating and raising his price target from $114 to $125 following the company’s Q2 earnings results. In addition to Disney beating his EPS estimate in the last quarter, “operating income for all segments except Media Networks was above [his] expectations and consensus.” Salmon added, “The largest % outperformance came from the Studio segment despite a 10% decline in OI due to Frozen theatrical and home entertainment comps. Parks and Resorts OI was up 24%, while Consumer Products OI was up 32% and Interactive was up 86%.”

Daniel Salmon

Daniel Salmon has rated Disney six times since 2012, earning a 100% success rate recommending the stock and a +27.1% average return per DIS recommendation when measured over a one-year horizon and no benchmark.

  1. Joseph Bonner of Argus Research last rated Disney on May 7, reiterating a Buy rating and raising his price target from $115 to $123. Bonner credited Disney’s strong portfolio of entertainment industry assets including its studio entertainment, parks and resorts divisions, and the positive outlook on Disney’s new Star Wars movie release in December of this year as factors warranting the bullish rating.

Joseph Bonner

Joseph Bonner has rated Disney five times since 2011, earning an 100% success raterecommending the stock and a +26.9% average return per Disney recommendation when measured over a one-year horizon and no benchmark.

  1. Anthony Diclemente of Nomura Holdings last rated Disney on May 6, reiterating a Buy rating and setting a price target of $125. Diclemente reduced Q3 2015 EPS estimates to $1.39 from $1.44 after disappointing box office results from the film “Tomorrowland.” The analyst explained, “Although DIS remains one of our top picks in the media space, we are modestly revising our June quarter estimates for a few reasons: 1) difficult comparisons at ESPN (FIFA World Cup) could weigh on cable advertising growth results; 2) Consumer products growth could be weighted to F4QE given tough Frozen comps and considering Disney’s Force Friday global Star Wars CP event in September; and 3) disappointing ‘Tomorrowland’ box office results could weigh on F3Q15E studio entertainment EBITDA forecasts.”

Anthony Diclemente

Anthony Diclemente has rated Disney 13 times since 2009, earning an 100% success rate recommending the stock and a +26.3% average return per recommendation when measured over a one-year horizon and no benchmark.

  1. Douglas Mitchelson of UBS last rated Disney on May 4, maintaining a Buy rating and raising his price target from $116 to $125. Mitchelson also raised his FY15 estimates following the success of films “Cinderella” and “Avengers: Age of Ultron” at the box office. The analyst believes that “affiliate revenue growth, ad revenue, U.S. parks attendance and parks margins” will be a leading factor driving Disney’s Q3 earnings success.

Douglas Mitchelson

Douglas Mitchelson has rated Disney three times since 2009, earning an 100% success rate recommending the stock and a +23.8% average return per DIS recommendation when measured over a one-year horizon and no benchmark.

  1. John Janedis of Jefferies last rated Disney on May 6, reiterating a Buy rating on the stockand raising his price target from $120 to $125. Janedis noted that Disney’s Q2 earnings were above estimates, “with the upside coming from all segments, most notably the Studio.” Janedis increased his full-year EPS estimate by $0.07 to $5.17 due to assumptions that “some of the beat in F2Q is offset by a tough comp in ESPN affiliate deferral revenue in F3Q.”

john Janedis

John Janedis has rated Disney eight times since 2012, earning an 100% success rate recommending the stock and a +22.6% average return per recommendation when measured over a one-year horizon and no benchmark.

  1. David Miller of Topeka Capital last rated Disney on June 24, upgrading the stock from a Hold to Buy and setting a price target of $138. Miller credited the opening of a new Disney theme park in Shanghai in spring 2016 as the sole reason for upgrading the rating. The analyst added, “Given that the Park will not open until halfway through F2016, we are adding only modest improvements to F2016 numbers, but believe if demand is as high as we think it will be, SDL could potentially add upwards of 200 bps of growth to our F2017 Parks’ revenue projection, which gets us to core EPS of $6.88/share. A multiple of 20.0x that figure implies a target of $138.00 previously $105.”

David Miller

David Miller has rated Disney 10 times since 2013, earning an 100% success rate recommending the stock and a +21.4% average return per Disney recommendation when measured over a one-year horizon and no benchmark.

Out of 15 analysts polled by TipRanks, 12 analysts are bullish on Disney and 3 are neutral. The average 12-month price target for Disney is $119.86, marking a 0.12% potential downside from where the stock is currently trading. On average, the all-analyst consensus for Disney is Moderate Buy.