Pay attention to the following industrials stocks approaching critical price targets: Waste Connections, Inc., Landstar System, Inc., The Middleby Corporation are the ones to watch.

Here's an update with information from the last trading session: Markets closed higher yesterday; Dow Jones closed the day at 33,674, having gained 1.65%. S&P 500 gained 1.85% and closed at 4,136.25.

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.

Buyers pushing Waste Connections towards its price target of $141.38; currently at $140.82

After closing at $139.32 on Thursday, Waste Connections, Inc. maintained a strong bullish bias that helped the stock close higher at $140.82 yesterday. However, market bears ensured the the waste services company topped out at $140.93 and that by the end of the session, the market had marked out a distinct $139.35 to $140.93 range. Yesterday's gains added to Waste Connections's 7 days uptrend, during which it increased a total of $2.38. The day's trading volume totalled 561,325 shares — below the 21-day average of 1 million.

The past 3 months have been positive for the waste disposal business as it added 6% compared to its 3-month low of $114.8. Currently, the waste services company has a market capitalization of $36.27 billion with an average daily trading volume of 1 million shares. So far this year, it has been doing worse than the Nasdaq by 8.45%. Waste Connections is forecasted to generate revenues of $62.55 billion and EPS of 89 cents.

Waste Connections's recent run now faces a major challenge as concentrated supply is likely found at $141.38 with price action currently 56 cents away.

Buyers pushing Landstar towards its price target of $182.12; currently at $180.81

Landstar's run now faces a challenge at $182.12, which is only $1.31 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Landstar has posted further gains as part of an 8 day trend that has already seen the stock gain $9.08. Landstar lived up to expectations yesterday by maintaining its set course — pronounced bullish sentiment in the market helped the transportation services company to make a notable 1.85% gain yesterday, rising $3.29 and ultimately closing at $180.81. The day's trading volume totalled 186,637 shares — slightly below the 21-day average of 238,443.

Buyers pushing Middleby towards its price target of $146.98; currently at $146.09

Pronounced bullish sentiment in the market helped the commercial cooking equipment maker to make a notable 2.2% gain yesterday, rising $3.14 and ultimately closing at $146.09. Yesterday's gains added to Middleby's bullish trend that has lasted for 8 days so far, during which it increased a total of $7.65. Trading volume totalled 360,601 which equates to around 80% of the stock's 21-day average yesterday.

The cooking and industrial process equipment company has fallen back around 11.14% over the past 3 months, from a notable high of $160.87. Middleby has a market cap of $7.83 billion with an average daily volume of 453,444 shares. So far this year, it has been under-performing the Nasdaq by 5.92%.

Middleby's recent run now faces a major challenge as concentrated supply is likely found at $146.98 with price action currently 89 cents away.

Middleby is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 1.96 and the consensus revenue estimate is $970.69 million.