Analysts Believe DISH Network Corporation (DISH) Could Be a $45.76 Stock

It has been reported that multiple insider activity took place at DISH Network Corporation (DISH). Executive Vice President DEFRANCO JAMES acquired 10,000 shares for $1,548,356 in transaction occurred on 2019/02/19. After making this transaction, Executive Vice President owns a direct stake of 12 shares, worth $53,216,996, as per the last closing price. On 2019/02/13 DEFRANCO JAMES, Executive Vice President at DISH, purchased 15,000 shares at an average price of $29.19 per share. The new stake is valued at $52,873,296.

Executive Vice President, DEFRANCO JAMES had invested in 5,000 shares for $1,523,356 through a trade on 2019/02/11. Following this activity, the insider holds 9 shares worth $52,357,746 as of recent close.

Dodge & Cox Stock Fund revealed as top hedge fund owner in DISH Network Corporation (DISH) with a stake of over 11.78M DISH shares as of September 29, with a market value of approx. $421.12M as of today. The second largest holder, Putnam Fds Tr-Putnam Capital Spectrum Fd, with 9.56M shares which equates to $293.85M worth of the stock. At third is Vanguard Total Stock Market Index Fund, which stood pat with 5.52M shares, a 1.25% position in DISH Network Corporation, worth $197.4M. The insider holding in stood at 1% while institutions hold 0%.

DISH Network Corporation (NASDAQ:DISH) rose 0.97% in recent trade and currently has a stock-market value of $15.81B. The shares finished at $34.37, after trading as low as $34.03 earlier in the session. It hit an intraday high Tuesday at $34.835. Trading activity significantly weakened as the volume at ready counter decreased to 1,326,919 shares versus 2,320,210 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,769,760 shares. The stock is now 48.02% above against its bear-market low of $23.22 on December 27, 2018. It has retreated -9.02% since it’s 52-week high of $37.47 reached in September. Now the market price is up 9.53% on the year and up 37.65% YTD.

DISH stock’s 50 day simple moving average (SMA 50) price is $33.38 and its 200-day simple moving average (SMA 200) price is $32.44. The company’s stock currently has a total float of 222.49M shares. Its weekly volatility is hovering around 3.2% and felt 3.03% volatility in price over a month. On the upside, the share price will test short term resistance at around $34.79. On a downside, the stock is likely to find some support, which begins at $33.99. The failure to get near-term support could push it to $33.61.

It had seen a positive analyst call from Credit Suisse, which upgraded the stock from Underperform to Neutral on May 06. Analysts at HSBC Securities, shed their positive views on January 25 by lowering it fromHold to Reduce. The stock won favor of MoffettNathanson analysts who expressed their confidence in it using an upgrade from Sell to Neutral on January 03. Pivotal Research Group, reiterated their call for Buy, on November 02. On the other hand, they had set new target price to $37 versus $40.

When looking at valuations, DISH Network Corporation (DISH) has a cheap P/E of 11.68x as compared to industry average of 11.82x. Moreover, it trades for 17.85 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.8x price/book and 1.18x price/sales. Compared to others, DISH Network Corporation is in a different league with regards to profitability, having net margins of 11.6%. To put some perspective around this, the industry’s average net margin is 21.92%. DISH’s ROE is 18.4%, which is also considerably better than the industry’s ROE of 14.51%. It’s also not liquid in the near term, with a current ratio of 0.7. The stock has a debt/capital of 1.69.

Shares of DISH have gained 1.3% since the company’s most recent earnings report. Over the past 12 fiscal quarters, DISH Network Corporation (NASDAQ:DISH) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 5 quarters (41%), whereas at 1 occasion EPS met analyst expectations. DISH last reported earnings that receded expectations. The company raked in $0.65 per share, -34.34% change on the same period last year. That was worse than consensus for $0.66. Revenue for the recent quarter stood at $3.19 billion, down -8% on last year and below the $3.19 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $3.11 billion to $3.2 billion, which should be compared with $3.29 billion generated last year. EPS is seen in a range of $0.56 to $0.69, against the $0.62 reported a year ago.