Read up on Mondelez International, Walmart, Bunge Limited as they approach key price targets in the near term.
Here's an update with information from the last trading session: Leading equity indices in the US declined as Nasdaq lost 0.66% and ended the session at 11,379. After dropping 0.47%, S&P 500 closed at 3,951.39.
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_defensive stocks and their price targets.
Mondelez's price target: $63.68 | Last close: $64.19 | Daily range: $63.81 – $65 | Off hours: $64.23
After ending Tuesday at $65.18, Mondelez International dropped to $63.81 early in yesterday's session and closed at $64.19. In total, it lost 1.52%. Mondelez has been dropping for 8 days, losing $1.67, with yesterday's session maintaining the downtrend. Trading volume totalled 4.56 million which equates to around 81% of the stock's 21-day average yesterday.
The Oreo and Toblerone snack food company is up 18.88% from the significant low of $54.83 it hit 5 months ago. The company is currently trading with a market cap of $87.51 billion with an average daily trading volume of 5.62 million shares. So far this year, it has been doing worse than the Nasdaq by 11.72%. Mondelez last reported revenue of $8.70 billion with an EPS of 73 cents.
Mondelez's bearish trend is facing a possible turning point at $63.68, which is only 51 cents away. Will be interesting to follow.
Mondelez distributed a dividend of 38.5 cents per share on Friday, January 13th for all shareholders on record up until Friday, December 30th. Based on current prices, the decision means shareholders are receiving an annualised dividend yield of 2.4%.
Walmart's price target: $139.25 | Last close: $140.15 | Daily range: $139.37 – $141.46 | Off hours: $140.02
$139.25 is only 90 cents away for Walmart and might put a stop to its current downtrend.
Having fallen $5.2 in 7 days, yesterday's session continued down the same path: after ending Tuesday at $142.13, Walmart declined to $139.37 yesterday before closing at $140.15, thereby losing 1.39% in total. The day's trading volume totalled 3.93 million shares — under the 21-day average of 6.28 million.
Bunge Limited Bunge's price target: $94.65 | Last close: $95.17 | Daily range: $94.88 – $96.14 | Off hours: $95.21
A persuasive break of this target could lead to higher losses.
Bunge Limited Bunge's bearish run has lasted 5 days so far (-$2.92). more of the same from yesterday's session: slightly down but mostly flat: Bunge Limited Bunge ranged between $94.88 and $96.14 before closing at $95.17. The day's trading volume totalled 635,404 shares — lower than the 21-day average of 1 million.