The Walt Disney Co (NYSE: DIS) has recently enjoyed notable positive changes in fundamentals: the stock’s power rating rose above 70, the consensus estimate for September, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent meaningful positive changes in investment behavior have benefitted The Walt Disney Co (NYSE: DIS): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
DIS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Walt Disney has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Walt Disney has a neutral Appreciation Score of 58 but a good Power Rating of 71, leading to the Positive Value Trend Rating.
Recent Price Action
The Walt Disney Co (NYSE: DIS) stock increased 1.3% on 2/28/24. The shares closed at $110.80. However, this advance was accompanied by normal trading volume at 83% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.2% during the last week.
Be the first to comment