“Given the new math applied to Disney’s TV assets, we no longer see enough upside to have conviction the stock will outperform the market over the next 12 months”, Juenger wrote in a Thursday research report.
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Walt Disney gapped open lower Thursday and declined during the first hour of trade, before settling into a range.
The stock price of Walt Disney has risen 10.45% over the last 200 days, and is in strong up trend. Walt Disney sank to a 6 1/2 month low and fell below its 200-day moving average.
Janney Capital Management Llc had the largest stake with ownership of 5,771 shares as of Q1 2015 for 20.26% of the US long stock exposure. The company has a market cap of $167.22B and a P/E ratio of 20.57. Investors must note that the brokerage house has a Equal-weight rating on the shares of the company. Guggenheim upgraded Walt Disney from a neutral rating to a buy rating and boosted their price target for the company from $109.53 to $127.00 in a research note on Monday, April 27th. JPMorgan Chase & Co. restated a buy rating and set a $130.00 price target on shares of Walt Disney in a report on Wednesday, August 5th.
This analysis means that value buyers who do not now hold The Walt Disney Company (NYSE:DIS) should probably look for better value alternatives and investors now holding the stock should either continue to hold or sell and look for alternatives. The company has an average rating of Buy and a consensus target price of $112.50. A year earlier, the company distributed $0.66 per share, or a difference of 14.6667%. Cablevision Systems rounded out the sector, dipping 1.4% by the afternoon.
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The Walt Disney Company collectively with its subsidiaries and affiliates is a diversified worldwide family entertainment and media enterprise with five business segments: media networks, parks and resorts, studio entertainment, consumer products and interactive media. Media Networks consist of numerous broadcast, cable, radio, digital and publishing companies across two offices – the Disney/ABC Television Group and ESPN Inc. The Walt Disney Studio brings music movies and stage plays to consumers around the whole world. Disney Consumer Products (DCP) delivers merchandise experiences across thousands of categories from toys and apparel to books and fine art. Disney Interactive is a creator of interactive entertainment across all present and emerging digital media platforms.
