| 
March 20, 2023
Pay attention to the following industrials stocks approaching critical price targets: AECOM, Builders FirstSource, Inc., Paychex Inc are the ones to watch.
What is happening with the market now? The leading indices are showing gains — Dow Jones up to 32,164, gaining 0.95%. S&P 500 goes up 0.59%, trading at 3,939.63.
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.
After closing the previous trading day at $82.36, AECOM is up to $83.28, which makes for a move of 1.11%/91.5 cents today. In contrast to today's gains, AECOM has been on a 5 day bearish trend during which it lost $8.42 of its value.
AECOM has a market cap of $11.57 billion with an average daily volume of 1.36 million shares. AECOM has a forecast of $3.52 billion with an EPS of 81 cents.
After closing the previous trading day at $80.09, Builders FirstSource is up to $82.45, which makes for a move of 2.95%/$2.36 today.
Paychex is in the midst of a 6 day downtrend. today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $107.53, Paychex is up to $108.79, which makes for a move of 1.17%/$1.26 today.
