Pay attention to the following consumer_cyclical stocks approaching critical price targets: Leslie's, Inc., Aramark, JD.com Inc. are the ones to watch.
A recap of Friday's session: Leading equity indices in the US rose as Dow Jones closed the day at 33,877, having gained 0.13%. Nasdaq ended the session at 13,259 after a 0.16% 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.
Leslie's's price target: $10.11 | Last close: $10.34 | Daily range: $10.14 – $10.64 | Off hours: $10.35
After ending Thursday at $10.59, Leslie's, Inc. declined to $10.14 Friday before closing at $10.34, thereby losing 2.36% in total. Friday's 2.36% loss extends a 3 day bearish run in which Leslie's had already lost 46 cents from its share value. Friday's trading volume was 2.46 million shares which is slightly below the 21-day average of 3.00 million.
After hitting an important low of $9.24 approximately 18 days ago, the outdoor supplies and sporting goods merchant has bounced back 14.61% since. The company is currently trading with a market cap of $1.90 billion with an average daily volume of 3.00 million shares. Leslie's last reported revenue of $212.84 million with an EPS of -15 cents.
A persuasive break of this target could lead to higher losses.
Aramark's price target: $40.04 | Last close: $40.3 | Daily range: $40.25 – $40.97 | Off hours: $40.3
Early in Friday's session, Aramark dropped to $40.25 from $40.7 at the end of Thursday, before closing at $40.3. During the session, it lost 0.98%. Continuing its a 4 day bearish run (-32 cents), Aramark showed losses Friday. Daily trading volume (3.79 million shares) was higher than the current multiday average of 2.85 million.
The US food company now trading 16.32% above its 3-month low of $29.19. The company's market cap currently stands at $10.50 billion with an average daily trading volume of 2.85 million shares. So far this year, it has been doing worse than the Nasdaq by 24.33%. Aramark has a forecast of $4.39 billion with an EPS of 25.96 cents.
$40.04 is only 26 cents away for Aramark and might put a stop to its current downtrend.
Aramark disclosed a quarterly dividend of 11 cents per share on Wednesday, May 3rd that was paid on Wednesday, May 31st to all shareholders of record up until Wednesday, May 17th. Based on current prices, the company's decision thereby provides Aramark investors with an annual dividend yield of 1.09%.
JD.com's price target: $36.18 | Last close: $36.58 | Daily range: $36.29 – $37.16 | Off hours: $36.6
After ending Thursday at $37.24, JD.com dropped to $36.29 early in Friday's session and closed at $36.58. In total, it lost 1.77%. Friday's fall added to a 4 day bearish run, during which JD.com lost 51 cents. Trading volume totalled 8.39 million which equates to around 64% of the stock's 21-day average Friday.
JD.com hit a significant low of $32.1 around 13 days ago, but has since recovered 16%. The company has a market cap of $57.30 billion with an average daily volume of 13.20 million shares. So far this year, it has been under-performing the Nasdaq by 57.84%.
$36.18 is only 40 cents away for JD.com and might put a stop to its current downtrend.