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March 06, 2023
Read up on Rollins Inc, Hyatt Hotels Corporation, McDonald's as they approach key price targets in the near term.
Here's the most recent update: The leading indices are climbing up — Nasdaq up to 11,700, gaining 0.15%. S&P 500 up to 4,051.77, gaining 0.15%.
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 consumer_cyclical stocks and their price targets.
Rollins (ROL) Price target: $35.05 | Last price: $35.21 | Daily range: $35.09 – $35.5
Rollins Inc is eyeing the $35.05 support line.
During a 3 day uptrend, Rollins gained a total of 77 cents, or 1.91%. bucking the trend and turning lower, while bearish sentiment is dominating the market, the pest control specialist is maintaining its poise around $35.21 while ranging between $35.09 and $35.5 so far today.
Buyers pushing Hyatt Hotels towards its price target of $124.96; currently at $123.3
Small gain for Hyatt Hotels at $123.3 after ranging between $122.85 and $124.84 today. Today's gains are adding to Hyatt Hotels's an 8 day bullish trend, during which it gained a total of $10.14.
This year has been a bright one for the US hospitality giant after trading as low as $71.21 and going on to appreciate by 38.29% year to date. Currently, the multinational hospitality company has a market capitalization of $13.21 billion with an average daily volume of 956,699 shares. Hyatt Hotels's last revenue report was $1.59 billion with an EPS of $2.55.
Hyatt Hotels's run now faces a challenge at $124.96, which is only $1.66 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Buyers pushing McDonald's towards its price target of $270.23; currently at $269.91
The fast food giant trades at $269.91 today, after closing Friday at $269.07 and gaining 84 cents (0.31%). Today's session seems to be pointing upwards and is building on McDonald's's 3 days of gains (+$6.35).
The fast food giant is now trading 21.2% above the significant low ($222) it slumped to 11 months ago. The company has a market cap of $197.69 billion with an average daily volume of 2.74 million shares. The Dow has been doing worse in 2022, it has been passing it by 1.03%. McDonald's is forecasted to generate revenues of $5.60 billion and EPS of $2.46.
McDonald's's recent run now faces a major challenge as concentrated supply is likely found at $270.23 with price action currently 32 cents away.
Regarding dividends, the company's quarterly dividend yield now stands at 2.25% after McDonald's's board disclosed a dividend of $1.52 per share on Thursday, February 2nd to be paid on Wednesday, March 15th for all shareholders of record up until Wednesday, March 1st.
