Change of direction? Cintas Corp, Boeing, TopBuild Corp., among others, are approaching price targets.

A recap of yesterday's session: Leading equity indices in the US declined as Dow Jones shed 0.77% and closed at 32,800. S&P 500 was down 0.73% before closing the session at 4,115.24.

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 industrials stocks and their price targets.

Cintas's Price target: $465.33 | Last close: $462.29 | Daily range: $458 – $464.71 | Off hours: $462.29

Generally flat but with a slight bullish bias, Cintas Corp ranged between $458 and $464.71 before closing higher at $462.29. Yesterday's gains stand in contrast to Cintas's slide (lasting 5 days) in which it lost $11.62. Trading volume totalled 268,297 which equates to around 86% of the stock's 21-day average yesterday.

The garments and uniforms supplier is now trading 2.9% below the significant high of $474.36 it set around 13 days ago. The uniforms and other garments supplier's market cap currently stands at $47 billion with an average daily volume of 310,520 shares. So far this year, it has been doing worse than the Nasdaq by 13.73%. Cintas expected revenue of $2.13 billion with an EPS of $3.03.

Cintas's run now faces a challenge at $465.33, which is only $3.04 away and will be interesting to follow.

Boeing's price target: $197.41 | Last close: $199.27 | Daily range: $197.5 – $201.32 | Off hours: $200.6

After ending Tuesday at $202.6, Boeing declined to $197.5 yesterday before closing at $199.27, thereby losing 1.64% in total. Continuing its a 5 day bearish run (-$4.64), Boeing showed losses yesterday. Yesterday's trading volume was 4.33 million shares which is slightly below the 21-day average of 4.65 million.

After hitting an important low of $115.86 approximately 11 months ago, the aircraft and rotorcraft manufacturer has bounced back 74.87% since. The company's market cap currently stands at $119.88 billion with an average daily trading volume of 4.65 million shares. So far this year, it has been outperforming the Dow Jones by 2.97%. Boeing is forecasted to generate revenues of $17.57 billion and EPS of $-1.07.

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

TopBuild (BLD) Price target: $203.42 | Last price: $205.39 | Daily range: $202.53 – $205.59

$203.42 is only $1.97 away for TopBuild and might put a stop to its current downtrend.

A 5 day downtrend has resulted in the asset losing $12.6. a slight improvement can be seen from yesterday's session: pronounced bearish sentiment in the market pushed the US residential insulation installer into a notable 0.02% slide yesterday, falling 5 cents and ultimately closing at $205.39. Yesterday's trading volume was 189,033 shares which is slightly below the 21-day average of 216,425.