Ford Motor Co, Rollins Inc, Hilton Worldwide Holdings Inc, among others, are the consumer discretionary stocks approaching important price targets.
Here's an update with information from the last trading session: Leading equity indices in the US declined as S&P 500 slipped 0.25% and closed at 3,839.5. Dow Jones lost 0.22% and ended the session at 33,147.
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 discretionary stocks and their price targets.
Ford's Price target: $11.72 | Last close: $11.63 | Daily range: $11.39 – $11.64 | Off hours: $11.63
Ford Motor Co's run now faces a challenge at $11.72, which is only 9 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Ford has posted further gains as part of a 3 day trend that has already seen the stock gain 59 cents. Friday's session pointed in the same direction — generally flat but with a slight bullish bias, Ford ranged between $11.39 and $11.64 before closing higher at $11.63. The day's trading volume totalled 39.23 million shares — slightly below the 21-day average of 52.90 million.
Rollins's price target: $36.23 | Last close: $36.54 | Daily range: $36.16 – $36.71 | Off hours: $36.54
After ending Thursday at $36.66, Rollins declined to $36.16 Friday before closing at $36.54, thereby losing 0.33% in total. Rollins has been on a downtrend for 7 days, losing 73 cents, with Friday's session adding to the run. Friday's trading volume was 1.14 million shares which is slightly below the 21-day average of 1.64 million.
The pest control specialist reached a significant high of $42.46 around a month ago but has lost 13.66% since then. Rollins's market cap is currently $17.99 billion with an average daily trading volume of 1.64 million shares. Rollins's last revenue report was $729.70 million with an EPS of 19 cents.
Rollins's bearish trend is facing a possible turning point at $36.23, which is only 31 cents away. Will be interesting to follow.
Also, the firm paid out a quarterly dividend of 13 cents per share on 2022-12-09T00:00:00 to all active shareholders as of Thursday, November 10th. Eligible investors secured a quarterly dividend yield of 1.42% for this year.
Hilton's Price target: $126.96 | Last close: $126.36 | Daily range: $124.84 – $126.5 | Off hours: $126.36
Hilton went up to $126.36 Friday after ending Thursday at $126.04. Overall, a 0.25% move or 32 cents. Friday's gains added to Hilton Worldwide Holdings's 3 days uptrend, during which it increased a total of $2.02. Trading volume totalled 1 million which equates to around 68% of the stock's 21-day average Friday.
Having set a significant high of $163.14 8 months ago, the global hotels chain is trading 22.74% lower. The global hotels chain's market cap currently stands at $34.17 billion with an average daily volume of 1.60 million shares. Hilton Worldwide Holdings expected revenue of $2.45 billion with an EPS of $1.25.
Hilton Worldwide Holdings's recent run now faces a major challenge as concentrated supply is likely found at $126.96 with price action currently 60 cents away.
Just recently, Hilton Worldwide Holdings's board disclosed a quarterly dividend of 15 cents per share and subsequently paid on 2022-12-30T00:00:00 for all shareholders of record up until Thursday, November 10th. The company's decision thereby provides Hilton Worldwide Holdings investors with an annualised dividend yield of 0.475% (based on current prices).