As of the end of the July 4th holiday weekend and after being in the cinemas for 73 days, “Avengers: Endgame” has generated $2.772 billion in worldwide earnings, according to a report by CNBC. That is only $15 million short of the record $2.787 billion in theatrical box office earnings, generated by “Avatar” since it was released in 2009.
Walt Disney shares closed lower for a second consecutive trading session in New York on Monday. The stock went down 1.00% ($1.43) to $141.02, after touching an intraday low at $140.97 and an intraday high at $142.23.
Shares of Walt Disney Company have risen 28.61% so far in 2019 compared with an 18.71% gain for the benchmark index, S&P 500 (SPX).
In 2018, Walt Disney’s stock went up 1.99%, thus, it again outperformed the S&P 500, which registered a 6.24% loss.
During the past weekend, a new theatrical release of the movie hit cinemas, which featured a special tribute, a deleted scene as well as a teaser for “Spider-Man: Far From Home” at the end of the credits.
“Avengers: Endgame” will probably be in cinemas during most of the summer period, with many analysts projecting its last weekend in theaters to be Labor Day weekend. Thus, the movie could still exceed the record set by James Camerons “Avatar”.
“Avatar” was in the theaters for 234 days in its first run and was re-released in 2010, CNBC reported.
Analyst stock price forecast and recommendation
According to CNN Money, the 21 analysts, offering 12-month forecasts regarding Walt Disney’s stock price, have a median target of $155.00, with a high estimate of $180.00 and a low estimate of $123.00. The median estimate represents a 9.91% upside compared to the closing price of $141.02 on July 8th.
The same media also reported that at least 17 out of 26 surveyed investment analysts had rated Walt Disney’s stock as “Buy”, while 9 – as “Hold”.
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