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March 16, 2023
Change of direction? Valmont Industries, Inc., Advanced Drainage Systems, Inc., Acuity Brands, Inc., among others, are approaching price targets.
Here's the most recent update: The leading indices are currently lower — Dow Jones slipping 0.9% and closing at 31,600. S&P 500 trades at 3,869.81 after losing 0.57%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.
Valmont Industries, Inc. is down to $296.78, after ending yesterday at $297.36. Overall, a 0.2% loss or 58 cents today. Today's losses are adding to a 7 day bearish run, during which Valmont Industries lost $36.13 of its value.
Approximately 3 months ago, the linear irrigation equipment maker reached a significant high of $347.06 but has struggled to hold onto its gains and declined 14.32% since then. The company is currently trading with a market cap of $6.34 billion with an average daily volume of 152,719 shares. Valmont Industries's last revenue report was $1.13 billion with an EPS of $3.46.
Valmont Industries distributed a dividend of 55 cents per share on Tuesday, January 17th for all shareholders on record up until Friday, December 30th. Based on current prices, the decision means shareholders are receiving an annualised dividend yield of 0.741%.
A 4 day downtrend has resulted in the asset losing $12.58. today is looking a bit better: Advanced Drainage Systems trades at $79.78, after ending yesterday at $79.78.
While on a 4 day downtrend, dropping a total of 8.06%, more of the same today: Acuity Brands is down to $183.96, after ending yesterday at $185.43. Overall, a 0.8% loss or $1.47 today.
