Price action reveals Generac Holdings Inc, TransUnion, Regal Beloit Corporation 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 Thursday, as 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. Check out this rundown of industrials stocks and their price targets.

Generac Holdings (GNRC) Price target: $96.13 | Last price: $99.8 | Daily range: $97.22 – $100

After dropping down to $97.22, the power grid software developer recovers some losses and is currently trading at $99.8. While mostly sideways today, Generac Holdings is on a 7 day bearish trend during which it lost $13. Daily trading volume (1.41 million shares) increased, making up 116% of the 21-day average (1.21 million).

10 months ago the engine equipment manufacturer reached a significant high of $292.78 but has consequently lost 66% since then. The company's market cap currently stands at $6.18 billion with an average daily volume of 1.21 million shares. So far this year, it has been under-performing the S&P by 4.73%. Generac Holdings's last revenue report was $1 billion with an EPS of $1.78.

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

Buyers pushing TransUnion towards its price target of $62.17; currently at $61.44

TransUnion's run now faces a challenge at $62.17, which is only 73 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

TransUnion has posted further gains as part of a 4 day trend that has already seen the stock gain 1 cents. Thursday's session pointed in the same direction — the US consumer data business rallied 1.84% and maintained $61.44. The day's trading volume totalled 1.61 million shares — slightly under the 21-day average of 1.75 million.

Regal Rexnord now at $215.35 | Forthcoming price target: $2.48 lower at $212.87

The electric motor manufacturer has recovered almost all of its session losses after dipping down to $214.89 Thursday. Continuing its a 5 day bearish run (-$14.11), Regal Rexnord showed losses Thursday. Trading volume totalled 162,927 which equates to around 83% of the stock's 21-day average Thursday.

6 months ago, the electric motor manufacturer fell to a low of $137.7 but has since recovered 58.77%. The electric motor manufacturer's market cap currently stands at $6.25 billion with an average daily trading volume of 196,653 shares. Regal Rexnord expected revenue of $359.78 million with an EPS of $1.7.

Regal Rexnord is trending down and heading towards $212.87, which is only $2.48 away now. Hitting this support line might signal a change of direction.