Read up on Qurate Retail, Inc., Tempur Sealy International, Inc., Restaurant Brands International Inc. as they approach key price targets in the near term.
What is happening with the market now? The leading indices are falling — S&P 500 trades at 3,986 after losing 0.28%. Nasdaq slipping 0.3% and closing at 11,458.
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. Take a look at these consumer_cyclical stocks and their price targets.
Buyers pushing Qurate Retail towards its price target of $2.21; currently at $2.16
It will be interesting to follow how Qurate Retail, Inc.'s run now faces a challenge at $2.21, which is only 4 cents away.
Qurate Retail is in the midst of a 6 day downtrend. today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $2.13, Qurate Retail is up to $2.16, which makes for a move of 1.41%/3 cents today.
Qurate Retail is scheduled to announce earnings results Wednesday. The consensus Earnings Per Share estimate is 0.14 and the consensus revenue estimate is $3.51 billion.
Buyers pushing Tempur Sealy towards its price target of $41.86; currently at $41.66
Tempur Sealy's run now faces a challenge at $41.86, which is only 20 cents away and will be interesting to follow.
After closing the previous trading day at $40.98, Tempur Sealy is up to $41.66, which makes for a move of 1.66%/68 cents today.
Tempur Sealy is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 0.52 and the consensus revenue estimate is $1.22 billion.
During a 4 day uptrend, Restaurant Brands International gained a total of $1.66, or 1.65%. bucking the trend and turning lower, Restaurant Brands International is down to $67.18, after ending yesterday at $67.75. Overall, a 0.84% loss or 56.75 cents today.