Credit Suisse Reiterates a Buy Rating on Walt Disney

By Carrie Williams

In a report released yesterday, Omar Sheikh from Credit Suisse reiterated a Buy rating on Walt Disney (NYSE: DIS), with a price target of $125. The company’s shares opened today at $97.18.

Sheikh said:

“We remain OP. “More robust growth” in 2018: The company provided guidance that EPS growth would be “modest” in 2017, but “more robust” in 2018. If “more robust” means at least in the double digits, we think the guidance makes it hard to assume operating income at any of Disney’s segments will decline in 2018 vs 2017. This rather innocuous-sounding comment therefore provided food for thought for bearish investors, in our view.”

According to, Sheikh is a 3-star analyst with an average return of 1.8% and a 53.8% success rate. Sheikh covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Cinemark Holdings Inc, and Regal Entertainment.

Currently, the analyst consensus on Walt Disney is Moderate Buy and the average price target is $107.54, representing a 10.7% upside.

In a report issued on November 3, Piper Jaffray also maintained a Buy rating on the stock with a $115 price target.

Walt Disney’s market cap is currently $161.4B and has a P/E ratio of 17.05. The company has a book value ratio of 3.6529.

Based on the recent corporate insider activity of 72 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 Director at DIS bought 16,360 shares for a total of $336,399.