Walt Disney (DIS) CapEx Bears Fruit
Tweet
Share
E-mailGet Alerts DIS Hot Sheet
Price: $113.92 --0%
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 2
Rating Summary:
30 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 2
Join SI Premium – FREE
Shares of Walt Disney (NYSE: DIS) could benefit as the company is poised to improve growth and free up cash flow as it completes projects and transitions to the later phase of its multi-year cap ex cycle, according to analyst Tony Wible of Janney Capital. DIS should also benefit from new market opportunities tied to park expansion, new networks, new franchises, new cruise ships, new consumer concepts, and growing exposure to emerging economies.
Park investments are at the heart of Walt Disney’s growth moves. To date, they have made substantial investments in California Adventure, which debuted new attractions (Midway Games, The Little Mermaid), the new Cars Land area (opened last week), revamped entrance, and the World of Color.
“While there is clearly a direct benefit to attendance, we believe there is indirect benefit tied to crowd management, food sales, repeat visits, merchandise sales, hotel occupancy, and park hopper demand,” said Wible.
Janney Capital has a Buy rating on DIS and an estimate of $49.
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $47.51 yesterday.
Park investments are at the heart of Walt Disney’s growth moves. To date, they have made substantial investments in California Adventure, which debuted new attractions (Midway Games, The Little Mermaid), the new Cars Land area (opened last week), revamped entrance, and the World of Color.
“While there is clearly a direct benefit to attendance, we believe there is indirect benefit tied to crowd management, food sales, repeat visits, merchandise sales, hotel occupancy, and park hopper demand,” said Wible.
Janney Capital has a Buy rating on DIS and an estimate of $49.
For an analyst ratings summary and ratings history on Walt Disney click here. For more ratings news on Walt Disney click here.
Shares of Walt Disney closed at $47.51 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Disney Technology Executive Aaron Laberge to Leave Company - CNBC
- Meta Platforms Inc. (META) PT Lowered to $500 at Goldman Sachs, 'Management Track Record of Execution Leaves Us Long-Term Constructive'
- Impinj Inc (PI) PT Raised to $172 at Evercore ISI
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
