Archer-Daniels-Midland Co, Natura &Co Holding S.A., Constellation Brands Inc, among others, are the consumer_defensive stocks approaching important price targets.
Yesterday's session summary: Leading equity indices in the US declined as after dropping 0.87%, Dow Jones closed at 31,875. After dropping 0.7%, S&P 500 closed at 3,892.
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.
During yesterday's session, Archer-Daniels-Midland Co toiled and struggled for upward momentum before closing at $76.81. By the close, the the commodities trading company suffered a $2.14 or 2.71% loss. Yesterday's fall added to a 6 day bearish run, during which ADM lost $2.45. Daily trading volume (3.40 million shares) was slightly greater than the current multiday average of 2.99 million.
The food processing giant has shed 16.86% over the past three months. The company has a market cap of $42 billion with an average daily trading volume of 2.99 million shares. So far this year, it has been doing worse than the S&P 500 by 14.41%. ADM has a forecast of $25.41 billion with an EPS of $1.64.
A 4 day downtrend is ongoing for Natura &Co. a possible change of direction spotted from yesterday; Natura &Co climbs 4.67% to close at $4.93 yesterday. Natura &Co bucks the trend and ends the day higher while beating its average trading volume by 195%.
Constellation Brands improves 0.46% to close at $216.03 yesterday. The volume of trade was 985,074 shares, close to the daily average of 986,574 shares.
The beer, wine and spirit maker reached a significant high of $261.05 around 3 months ago but has lost 17.62% since then. The beer, wine and spirit maker's market cap currently stands at $39.86 billion with an average daily volume of 986,574 shares. So far this year, it has been under-performing the S&P by 8%. Constellation Brands's last revenue report was $2.62 billion with an EPS of $2.83.