Pay attention to the following consumer_cyclical stocks approaching critical price targets: Toyota, PVH Corp, YETI Holdings, Inc. are the ones to watch.
A quick recap: The leading indices were losing ground — Dow Jones slipping 0.67% and closing at 33,800. Nasdaq drawing back 0.85% to 12,063.
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.
Toyota is trading at $135.76, its target level is $135.82
The Japanese automotive company crashes after losing 1.07%, down to $135.76. Today's losses are adding to an 8 day bearish run, during which Toyota lost $5.11 of its value.
Over the past 11 months, the Japanese automotive company has retreated 21.78% from a noteworthy peak of $175.45. Toyota is currently trading with a market cap of $184.37 billion with an average daily volume of 236,455 shares.
Toyota's downtrend might be halted by its support level at $135.82, which is only 6 cents away.
PVH Corp active price target: $87.3; currently at $87.83
Although PVH increased from $87.72 to $89.92, the stock dropped back and is now priced at $87.83. While flat so far today, PVH Corp is on a 5 day bullish trend, gaining a total of $3.92 throughout.
PVH hit a significant low of $44.8 around 6 months ago, but has since recovered 95.8%. PVH Corp's market cap is currently $5.51 billion with an average daily trading volume of 1.32 million shares. So far this year, it has been beating the S&P by 15.16%. PVH Corp is forecasted to generate revenues of $2.23 billion and EPS of $2.15.
PVH is eyeing the $87.3 support line.
Also, the firm paid out a quarterly dividend of 3.8 cents per share on Wednesday, March 29th to all active shareholders as of Wednesday, March 8th. Eligible investors secured a quarterly dividend yield of 0.173% for this year.
YETI, YETI Holdings (YETI) Price target: $38.92 | Last price: $39.53 | Daily range: $39.38 – $39.95
YETI, YETI Holdings is eyeing the $38.92 support line.
While YETI, YETI Holdings is on a 5 day bullish trend, today's session might suggest a slow down — after ending yesterday at $39.45, the drinkware company recovers back to $39.53 after dipping down to $39.38 earlier today.