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Disney: Fret not, despite Stock Stalling

As the Delta variant of COVID-19 provides another wave of concern for investors, even the best stocks are getting swept up in the volatility. High-quality blue chip companies such...
Disney: Fret not, despite Stock Stalling © Reuters. Disney: Fret not, despite Stock Stalling

As the Delta variant of COVID-19 provides another wave of concern for investors, even the best stocks are getting swept up in the volatility. High-quality blue chip companies such as The Walt Disney Company (NYSE:DIS) once again appear to be in no man’s land.

Indeed, the pandemic provided a sharp hit to Disney's revenues. This is a company that creates amazing in-person experiences for its clientele. The company's parks, hospitality, and cruise businesses all saw dramatic declines toward zero last year, as pandemic-related restrictions took DIS stock on a wild ride.

However, as a pandemic reopening play, DIS stock has rightly surged. The company's well-timed introduction of its Disney+ streaming platform has helped tide the company over until now.

I remain bullish on Disney's long-term prospects. Perhaps the key reason for that is this company's long-term cash flow growth potential. Disney has one of the best brands in the world, an intangible asset that's hard to value.

Right now, it's easier to make the argument that DIS stock is fairly priced. After all, this is a stock that has underperformed the broader indices since last year.

That said, a robust earnings report has stoked enthusiasm among investors, leading to a resurgence in DIS stock over the last month. (See DIS stock charts on TipRanks)

Let's dive into whether this surge can continue.

Path to Major Profitability

All eyes were on Disney's PEP (parks, experiences, and products) segment this past quarter. After all, this has been a key sector that investors have watched to see if the worst is over with respect to the pandemic.

In this regard, Disney blew its earnings out of the park (no pun intended).

The company reported revenue of $4.34 billion, and an operating profit of $356 million in this segment this past quarter. The fact that PEP was in the black was a surprise to many investors.

Additionally, the company brought in impressive revenue in its Media division, boasting wins at the box office for a number of high-profile new movies.

However, following an immediate surge post-earnings, DIS stock has waned somewhat. Many investors have scratched their heads as to why this is. It appears broader market sentiment related to the potential for more shutdowns is at play with DIS stock.

Will momentum pick up again? We'll have to wait and see. However, it appears DIS stock remains in a strong position right now.

Barring any additional restrictions imposed on its pandemic-sensitive businesses, the recovery is on. It just seems the market isn't so sure that's the case right now.

Wall Street's Take on DIS Stock

As per TipRanks' analysts rating consensus, DIS stock is a Strong Buy. Out of 19 analyst ratings, there are 16 Buy recommendations, and three Hold recommendations.

The average DIS price target is $217. This figure lies between a low of $185 per share, and a high of $263 per share.

Bottom Line

Disney has shown that the negative impacts of the pandemic are diminishing over time. In the view of many long-term investors, Disney is a company that stands to outperform from here.

However, this company isn't out of the water yet. Rising Delta variant cases have muddied the discussion on Disney stock.

That said, looking at Disney through a long-term lens, it's hard to make the argument that this company is in significant trouble.

Disclosure: At the time of publication, Chris MacDonald did not have a position in any of the securities mentioned in this article

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

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21-09-2021 06:07:09 (UTC+7)

EUR/USD

1.1726

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

EUR/USD

1.1726

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

GBP/USD

1.3662

+0.0005 (+0.04%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

USD/JPY

109.40

+0.01 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

AUD/USD

0.7257

+0.0006 (+0.09%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

USD/CAD

1.2813

-0.0012 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

EUR/JPY

128.29

+0.04 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

1.0884

+0.0008 (+0.07%)

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↑ Sell

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Buy (3)

Sell (9)

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Buy (2)

Sell (7)

Gold Futures

1,765.00

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Buy (2)

Sell (10)

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Sell (5)

Silver Futures

22.260

+0.013 (+0.06%)

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Buy (5)

Sell (7)

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Buy (1)

Sell (8)

Copper Futures

4.1300

+0.0050 (+0.12%)

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↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

Crude Oil WTI Futures

70.48

+0.14 (+0.20%)

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Sell

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Sell (6)

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Brent Oil Futures

74.24

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Sell (1)

Natural Gas Futures

4.942

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US Coffee C Futures

182.30

-4.10 (-2.20%)

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↑ Sell

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Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

4,043.63

-87.21 (-2.11%)

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↑ Sell

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Buy (4)

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Buy (1)

Sell (8)

S&P 500

4,357.73

-75.26 (-1.70%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

DAX

15,132.06

-358.11 (-2.31%)

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↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

FTSE 100

6,903.91

-59.73 (-0.86%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Hang Seng

24,099.14

-821.62 (-3.30%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,178.78

-58.09 (-2.60%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

IBEX 35

8,655.40

-105.50 (-1.20%)

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↑ Sell

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Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

BASF SE NA O.N.

61.660

-1.425 (-2.26%)

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↑ Buy

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Sell (0)

Bayer AG NA

45.23

+0.16 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Allianz SE VNA O.N.

183.86

-6.37 (-3.35%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

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Buy (5)

Sell (4)

Adidas AG

280.52

-1.08 (-0.38%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (2)

Sell (6)

Deutsche Lufthansa AG

8.664

+0.454 (+5.53%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

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Buy (5)

Sell (3)

Siemens AG Class N

142.26

-6.50 (-4.37%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

Deutsche Bank AG

10.230

-0.850 (-7.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

 EUR/USD1.1726↑ Sell
 GBP/USD1.3662↑ Sell
 USD/JPY109.40↑ Sell
 AUD/USD0.7257Sell
 USD/CAD1.2813↑ Buy
 EUR/JPY128.29↑ Sell
 EUR/CHF1.0884↑ Sell
 Gold1,765.00↑ Sell
 Silver22.260↑ Sell
 Copper4.1300↑ Sell
 Crude Oil WTI70.48Sell
 Brent Oil74.24↑ Buy
 Natural Gas4.942Neutral
 US Coffee C182.30↑ Sell
 Euro Stoxx 504,043.63↑ Sell
 S&P 5004,357.73↑ Buy
 DAX15,132.06↑ Buy
 FTSE 1006,903.91Neutral
 Hang Seng24,099.14↑ Buy
 Small Cap 20002,178.78↑ Buy
 IBEX 358,655.40↑ Sell
 BASF61.660↑ Buy
 Bayer45.23↑ Sell
 Allianz183.86↑ Buy
 Adidas280.52Neutral
 Lufthansa8.664Neutral
 Siemens AG142.26Sell
 Deutsche Bank AG10.230↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,650/ 5,700
(0/ 0) # 856
SJC HCM5,615/ 5,680
(0/ 0) # 836
SJC Hanoi5,615/ 5,682
(0/ 0) # 838
SJC Danang5,615/ 5,682
(0/ 0) # 838
SJC Nhatrang5,615/ 5,682
(0/ 0) # 838
SJC Cantho5,615/ 5,682
(0/ 0) # 838
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KRW16,5320,13
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