Disney (DIS, $141.09) shares dropped -1.6% on rating downgrade by Imperial Capital
Shares of Disney slid -1.6% Monday, following a rating downgrade by Imperial Capital.
In November, Imperial analyst David Miller assigned an outperform rating on Disney. Its shares have rallied around +26% since then.
And now, analysts at Imperial Capital have lowered their rating on the mass media/entertainment giant's stock to in-line from outperform, as they now feel that its valuation could have gotten too expensive. However, the analysts have maintained their price target of $147 on the stock.
According to Miller, near-term tailwinds like the release of the movie "Avengers: Endgame," the opening of two Star Wars theme parks, and the refinancing of various debts from the company's purchase of 21st Century Fox assets have been already priced into the stock.
Miller further thinks that Disney’s share buybacks could resume in a year.
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)