Change of direction? Ford Motor Co, General Motors Co, Leggett & Platt Inc, among others, are approaching price targets.

A quick recap of where the last trading session ended: Markets closed higher today; Nasdaq ended the session at 12,100 after a 0.76% gain. S&P 500 closed the day at 4,105, having gained 0.36%.

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.

Ford now at $12.33 | Forthcoming price target: 8 cents lower at $12.25

$12.25 is only 8 cents away for Ford Motor Co and might put a stop to its current downtrend.

Ford Motors's downtrend has seen it decline 3.07% in 3 days today's session continued the recent downtrend: an influx of sellers pushed the US auto giant to session lows around $12.29 while establishing a $12.29 to $12.48 session range today. Today's trading volume was 35.62 million shares which is below the 21-day average of 77.24 million.

GM now at $34.59 | Forthcoming price target: 25 cents lower at $34.34

General Motors is trending down and heading towards $34.34, which is only 25 cents away now. Hitting this support line might signal a change of direction.

GM's bearish run has lasted 5 days so far (-$1.59). more of the same from today's session: early in today's session, GM dropped to $34.47 from $35.09 at the end of yesterday, before closing at $34.59. During the session, it lost 1.42%. The day's trading volume totalled 10 million shares — slightly below the 21-day average of 14.58 million.

Leggett & Platt | Price Target: $30.57 approx 15 cents away; Current Price: $30.72 Session Low: $30.6 Session High: $30.92 | Off Hours: $30.72

The home products designer has recovered almost all of its session losses after dipping down to $30.6 today. Today's 0.49% loss extends a 4 day bearish run in which Leggett & Platt had already lost $1 from its share value. The day's trading volume totalled 606,969 shares — slightly under the 21-day average of 892,697.

Approximately 7 months ago, the home products designer reached a significant high of $41.63 but has struggled to hold onto its gains and declined 25.85% since then. The company is currently trading with a market cap of $4 billion with an average daily trading volume of 892,697 shares. So far this year, it has been under-performing the S&P by 12.7%. Leggett & Platt expected revenue of $1.23 billion with an EPS of 48 cents.

Leggett & Platt is trending down and heading towards $30.57, which is only 15 cents away now. Hitting this support line might signal a change of direction.