Tractor Supply Co, Alibaba, Allison Transmission Holdings, Inc., among others, are the consumer_cyclical stocks approaching important price targets.

A quick recap of where the last trading session ended: Markets closed higher Friday, as Dow Jones gained 0.8% and closed at 34,100. S&P 500 ended the session at 4,169.48 after a 0.83% gain.

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. Let's review some consumer_cyclical stocks and their price targets.

Tractor Supply's price target: $235.29 | Last close: $238.4 | Daily range: $234.08 – $239.1 | Off hours: $238.4

The US home improvement specialist has recovered almost all of its session losses after dipping down to $234.08 Friday. Friday's 0.29% loss extends a 5 day bearish run in which Tractor Supply had already lost $10.88 from its share value. Daily trading volume (1.36 million shares) increased, making up 124% of the 21-day average (1.10 million).

Approximately 6 days ago, the US home improvement specialist reached a significant high of $249.97 but has struggled to hold onto its gains and declined 4.35% since then. Tractor Supply has a market cap of $26.20 billion with an average daily volume of 1.10 million shares. So far this year, it has been under-performing the S&P by 1.55%.

Tractor Supply's bearish trend is facing a possible turning point at $235.29, which is only $3.11 away. Will be interesting to follow.

Tractor Supply disclosed a quarterly dividend of $1.03 per share on Wednesday, February 8th that was paid on Tuesday, March 14th to all shareholders of record up until Monday, February 27th. Based on current prices, the company's decision thereby provides Tractor Supply investors with an annual dividend yield of 1.73%.

Alibaba's Price target: $85.22 | Last close: $84.69 | Daily range: $83.87 – $85.07 | Off hours: $84.85

After closing at $84.47 on Thursday, Alibaba maintained a strong bullish bias that helped the stock close higher at $84.69 Friday. However, market bears ensured the the Chinese tech colossus topped out at $85.07 and that by the end of the session, the market had marked out a distinct $83.87 to $85.07 range. Friday's gains added to Alibaba's bullish trend that has lasted for 3 days so far, during which it increased a total of $1.65. Friday's trading volume was 14.39 million shares which is lower than the 21-day average of 25 million.

The Chinese technology developer has shed 23.89% over the past three months. Alibaba's market cap currently stands at $219.14 billion with an average daily trading volume of 25 million shares. Alibaba expected revenue of $226.62 billion with an EPS of $1.89.

Alibaba's recent run now faces a major challenge as concentrated supply is likely found at $85.22 with price action currently 53 cents away.

Allison Transmission eyes $50.08, trades at $48.79

Allison Transmission's run now faces a challenge at $50.08, which is only $1.29 away. This should be interesting to follow.

Allison Transmission has posted further gains as part of a 3 day trend that has already seen the stock gain 17 cents. Friday's session pointed in the same direction — having closed Thursday at $45.59, bullish sentiment helped Allison Transmission to reach highs around $49.95 before paring gains and ending Friday at $48.79. Daily trading volume (2.19 million shares) increased, making up 269% of the 21-day average (814,761).