Disney(DIS, $114.96) gets rating upgrade, thanks to upcoming streaming service and line-up of new releases
Analysts at Cowen upgraded Disney stock, as they expect that the entertainment giant’s upcoming video streaming platform and the next ‘Star Wars’ would prove to be strong tailwinds.
Cowen raised its rating on Disney to outperform from market perform, and also increased its 12-month price target to $131 from $102. Cowen analyst Doug Creutz emphasized on the company's “very powerful pipeline of product” that he expects to boost the company’s performance over the rest of the year and the coming years as well. He estimates a $3 billion calendar year operating profit to come from Disney’s movie production unit Studio, while being particularly optimistic about the Q4 calender year 2019 releases ‘Frozen 2’ and ‘Star Wars Episode IX’.
Cowen is also hopeful that Disney’s new streaming platform “is well positioned to have an extremely strong launch that surpasses consensus subscriber expectations”.
DIS's RSI Indicator sits in oversold zone for 4 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).
Industry description
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
Market Cap
The average market capitalization across the Movies/Entertainment Industry is 9.41B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.
High and low price notable news
The average weekly price growth across all stocks in the Movies/Entertainment Industry was 3%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 9%. LDSN experienced the highest price growth at 380%, while NETWF experienced the biggest fall at -28%.
Volume
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -11%. For the same stocks of the Industry, the average monthly volume growth was -14% and the average quarterly volume growth was 58%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 52
P/E Growth Rating: 61
Price Growth Rating: 56
SMR Rating: 82
Profit Risk Rating: 86
Seasonality Score: 0 (-100 ... +100)