According to an update released by analysts at Morgan Stanley the broker has now set a ‘Overweight’ rating on shares of The Walt Disney Company (NYSE:DIS) with a price target of 130.
Morgan Stanley on Friday indicated The Walt Disney Company’s analyst rating as ‘Overweight’ with its price target of 130 highlighting a potential increase of 13.5% from The Walt Disney Company’s current price of 114.54.
Over the last twelve months The Walt Disney Company’s stock price has increased from 101.39 to 114.54, a change of 12.97%.
The Walt Disney Company has 1,581,248,000 shares in issue which have a share price of 114.54 giving The Walt Disney Company a market capitalisation of 181.12B USD.
The company has a 50 day moving average of 112.4 and a 200 day moving average of 104.65. The 52 week high shares of The Walt Disney Company have reached is 115.12 whilst the 52 week low for the company’s shares is 90.32.
The Walt Disney Company is an entertainment company. The Company operates in four business segments: Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products & Interactive Media. The media networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, and radio networks and stations. Under the Parks and Resorts segment, the Company’s Walt Disney Imagineering unit designs and develops new theme park concepts and attractions, as well as resort properties. The studio entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. It also develops and publishes games, primarily for mobile platforms, books, magazines and comic books. The Company distributes merchandise directly through retail, online and wholesale businesses. Its cable networks consist of ESPN, the Disney Channels and Freeform.