Hexcel Corporation, W W Grainger Inc, Jacobs Engineering Group Inc, among others, are the industrials stocks approaching important price targets.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones was down 1.19% before closing the session at 31,862. S&P 500 closed at 3,916.64, a 1.1% change.
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.
During Friday's session, Hexcel Corporation toiled and struggled for upward momentum before closing at $66.13. By the close, the the public industrial materials company suffered a $1.9 or 2.79% loss. Friday's fall added to a 7 day bearish run, during which Hexcel lost $6.47. Daily trading volume (1.12 million shares) was higher than the current multiday average of 629,461.
Hexcel's market cap currently stands at $5.57 billion with an average daily trading volume of 629,461 shares. Hexcel has a forecast of $403.36 million with an EPS of 32 cents.
Hexcel distributed a dividend of 12.5 cents per share on Friday, February 17th for all shareholders on record up until Friday, February 10th. Based on current prices, the decision means shareholders are receiving an annualised dividend yield of 0.756%.
Having fallen $19.07 in 4 days, Friday's session continued the recent downtrend: during Friday's session, W. W. Grainger toiled and struggled for upward momentum before closing at $663.5. By the close, the the industrial supplier suffered a $17.83 or 2.62% loss. Daily trading volume (455,848 shares) was above the current multiday average of 254,626.
Jacobs Engineering Group's bearish run has lasted 7 days so far (-$5.97). Friday's session continued down the same path: during Friday's session, Jacobs Engineering Group toiled and struggled for upward momentum before closing at $113.06. By the close, the the engineering and construction firm suffered a $4.34 or 3.7% loss. Daily trading volume (767,909 shares) was slightly above the current multiday average of 685,681.