Credit Suisse Sticks to Their Buy Rating for Walt Disney

By Jason Carr

Credit Suisse analyst Omar Sheikh reiterated a Buy rating on Walt Disney (NYSE: DIS) on May 25 and set a price target of $125. The company’s shares closed last Friday at $108.41.

Sheikh commented:

“We believe this growth potential in Parks cashflow is often overlooked by investors.”

According to TipRanks.com, Sheikh is a 4-star analyst with an average return of 7.0% and a 65.5% 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 $120.27, representing a 10.9% upside.

In a report issued on May 10, Macquarie also maintained a Buy rating on the stock.

The company has a one year high of $116.10 and a one year low of $90.32. Currently, Walt Disney has an average volume of 6.02M.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Susan Arnold, a Director at DIS sold 12,143 shares for a total of $1,323,708.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.