FedEx Corp, JetBlue Airways Corporation, Ryder System, Inc., among others, are the industrials stocks approaching important price targets.

A recap of yesterday's session: Markets had an interesting day yesterday; Nasdaq ended the session at 13,462 after a 1.53% gain. S&P 500 gained 0.93% and closed at 4,339.

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 industrials stocks and their price targets.

FedEx's Price target: $225.52 | Last close: $224.55 | Daily range: $222.71 – $225.09 | Off hours: $224.55

Generally flat but with a slight bullish bias, FedEx Corp ranged between $222.71 and $225.09 before closing higher at $224.55. FedEx has increased a total of $6.47 over the past 8 days, with yesterday's session contributing to the uptrend. The day's trading volume totalled 1.43 million shares — slightly under the 21-day average of 1.70 million.

Having set a significant low of $142.9 8 months ago, the renowned transportation and delivery company is trading 56.59% higher. The company has a market cap of $56.44 billion with an average daily volume of 1.70 million shares. So far this year, it has been beating the S&P by 15.75%. FedEx has a forecast of $22.71 billion with an EPS of $2.64.

FedEx's recent run now faces a major challenge as concentrated supply is likely found at $225.52 with price action currently 97 cents away.

JetBlue Airways's Price target: $7.85 | Last close: $7.72 | Daily range: $7.54 – $7.82 | Off hours: $7.75

Pronounced bullish sentiment in the market helped America's 7th largest airline to make a notable 3.35% gain yesterday, rising 25 cents and ultimately closing at $7.72. JetBlue has increased a total of 49 cents over the past 6 days, with yesterday's session contributing to the uptrend. The day's trading volume totalled 8.61 million shares — slightly under the 21-day average of 9.59 million.

The major low cost US airline has fallen back around 19% from the significant high of $9.22 set 4 months ago. JetBlue Airways has a market cap of $2.53 billion with an average daily trading volume of 9.59 million shares. JetBlue last reported revenue of $2.33 billion with an EPS of -58.608 cents.

JetBlue's run now faces a challenge at $7.85, which is only 13 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Ryder System's price target: $80.26 | Last close: $80.87 | Daily range: $80.33 – $81.61 | Off hours: $80.87

Pronounced bearish market sentiment ensured that the US transportation and logistics company made a notable 0.57% loss yesterday, declining 46 cents and ultimately closing at $80.87. Yesterday's 0.57% loss extends a 4 day bearish run in which Ryder had already lost $2.75 from its share value. Trading volume totalled 200,014 which equates to around 74% of the stock's 21-day average yesterday.

Over the past 3 months, the commercial truck specialist has retreated 18.59% from a noteworthy peak of $99.9. Ryder's market cap is currently $3.76 billion with an average daily volume of 270,805 shares. Ryder System expected revenue of $2.99 billion with an EPS of $2.96.

A persuasive break of this target could lead to higher losses.