Friday's downside creates price targets for 3 stocks

IQVIA Holdings Inc, Janus Henderson Group plc, CRH plc, among others, are the 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 lost 1.19% and ended the session at 31,862. S&P 500 slipped 1.1% and closed at 3,916.64.

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 stocks and their price targets.

During Friday's session, IQVIA Holdings Inc toiled and struggled for upward momentum before closing at $190.89. By the close, the the clinical research enabler suffered a $5.54 or 2.82% loss. Friday's 2.82% loss extends a 7 day bearish run in which IQVIA had already lost $24.39 from its share value. Daily trading volume (1.27 million shares) increased, making up 118% of the 21-day average (1 million).

The health IT company has shed 8.68% over the past three months. The company has a market cap of $35.53 billion with an average daily trading volume of 1 million shares. So far this year, it has been under-performing the S&P 500 by 3.64%. IQVIA is forecasted to generate revenues of $3.72 billion and EPS of $2.54.

Having fallen $3.29 in 16 days, more of the same from Friday's session: during Friday's session, Janus Henderson toiled and struggled for upward momentum before closing at $25.11. By the close, the the global asset management group suffered a 67 cents or 2.6% loss. Daily trading volume (4 million shares) was higher than the current multiday average of 1.17 million.

CRH PLC's bearish run has lasted 8 days so far (-$2.95). Friday's session continued the recent downtrend: during Friday's session, CRH PLC toiled and struggled for upward momentum before closing at $48.12. By the close, the the building materials supplier suffered a 75 cents or 1.53% loss. Friday's trading volume was 828,853 shares which is slightly under the 21-day average of 923,034.