According to The Fly, jefferies analyst John Janedis reiterated a Hold rating on Walt Disney (NYSE:DIS) yesterday and set a price target of $92. The company’s shares closed yesterday at $106.60.
Janedis noted, “F2Q results were mixed with upside at Parks / Studio offset by weaker Media and Consumer results. With downside risk to Cable segment EBIT, tough Studio comps (F3Q should be another big qtr), and a deceleration in domestic Park EBIT growth in F17 and beyond, we maintain our Hold rating. Mixed F2Q Results. EPS of $1.36 compared to our $1.38 (FC: $1.39), with Parks ($0.05/ sh) and Studio ($0.02) beating our ests, offset by weaker Consumer ($0.05/sh) and Media ($0.02).”
According to TipRanks.com, Janedis is a 5-star analyst with an average return of 12.0% and a 62.1% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.
Furthermore, in a report released today, Deutsche Bank also maintained a Hold rating on the stock with a $113 price target.
Currently, the analyst consensus on Walt Disney is Moderate Buy and the average price target is $112.79, representing a 5.8% upside
The company has a one year high of $121.30 and a one year low of $86.25. Currently, Walt Disney has an average volume of 7.53M.
Unlike Jefferies` latest rating, based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DIS in relation to earlier this year. Most recently, in February 2016, Aylwin Lewis, a a Director at DIS bought 16,360 shares for a total of $336,399.