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March 15, 2023
Price action reveals Wyndham Hotels & Resorts, Inc., Burlington Stores, Inc., Borgwarner Inc as the stocks to watch as they near pivotal price targets in the near term.
A quick recap of where the last trading session ended: Markets closed higher yesterday; S&P 500 gained 1.65% and closed at 3,919.29. Nasdaq ended the session at 11,428 after a 2.14% 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.
Wyndham Hotels & Resorts, Inc. rose 95 cents to close at $68.8 yesterday which makes for a move of 1.4%. Yesterday's gains are in contrast to Wyndham Hotels & Resorts's bearish trend (lasting 6 days) during which it lost $10.56 of its value. Wyndham Hotels & Resorts bucks the trend and ends the day higher while beating its average trading volume by 127%.
Approximately 10 months ago, the world's largest hotel franchisor reached a significant high of $90.71 but has struggled to hold onto its gains and declined 25.2% since then. The company has a market cap of $5.94 billion with an average daily trading volume of 759,773 shares. $334 million was Wyndham Hotels & Resorts's last reported revenue with 72 cents being the current EPS.
Wyndham Hotels & Resorts disclosed a quarterly dividend of 32 cents per share on Monday, October 31st that was paid on Wednesday, December 28th to all shareholders of record up until Wednesday, December 14th. Based on current prices, the company's decision thereby provides Wyndham Hotels & Resorts investors with an annual dividend yield of 1.86%.
Burlington Stores surges 3.73% to close at $212.54 yesterday. Yesterday's trading volume was 913,855 shares which is slightly under the 21-day average of 1.15 million.
The national off-price department store retailer is now trading 12.49% below the significant high of $234.15 it set around a month ago. Burlington Stores is currently trading with a market cap of $13.86 billion with an average daily volume of 1.15 million shares. So far this year, it has been doing worse than the Nasdaq by 7.78%. Burlington Stores last reported revenue of $2.74 billion with an EPS of $2.96.
Borgwarner soars 2.7% to close at $47.61 yesterday. Daily trading volume (2.79 million shares) increased, making up 128% of the 21-day average (2.17 million).
