Change of direction? AptarGroup, Inc., Lululemon Athletica Inc, Capri Holdings Limited, among others, are approaching price targets.
A quick recap: The leading indices are falling — Nasdaq slipping 0.71% and closing at 12,027. S&P 500 drawing back 0.44% to 4,145.8.
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 consumer_cyclical stocks and their price targets.
AptarGroup active price target: $111; currently at $111.47
AptarGroup, Inc. is down to $111.47, after ending yesterday at $112.19. Overall, a 0.65% loss or 72.5 cents today. Today's losses are adding to a 4 day bearish run, during which AptarGroup lost $5.11 of its value.
Having set a significant low of $93.37 3 months ago, the aerosol supplier is trading 20.16% higher. The company is currently trading with a market cap of $7.28 billion with an average daily volume of 205,466 shares. So far this year, it has been doing worse than the Nasdaq by 12.5%. AptarGroup last reported revenue of $836.86 million with an EPS of 95 cents.
A convincing break of this target could pave the way for deeper losses.
Lululemon Athletica is down to $313.79, after ending yesterday at $319.1. Overall, a 1.66% loss or $5.31 today.
Pointing downwards for around 2 months. Lululemon Athletica's market cap currently stands at $40 billion with an average daily trading volume of 2.11 million shares. So far this year, it has been under-performing the Nasdaq by 15.57%. Lululemon's last revenue report was $1.86 billion with an EPS of $2.
The resistance level is at $67.26, followed by $68.17.
The resistance level is at $67.26, followed by $68.17.
While on a 5 day downtrend, dropping a total of 26.47%, similar trend today: Capri Holdings is down to $50.28, after ending yesterday at $66.36. Overall, a 24.23% loss or $16.08 today. As things stand, trading volume is at 3.91 million, above the 21-day average of 1.38 million.
Capri Holdings is scheduled to announce earnings results today. The consensus EPS estimate is 2.21 and the consensus revenue estimate is $1.53 billion.