Market selloff delivers upcoming price targets for 3 stocks

Pay attention to the following stocks approaching critical price targets: Wyndham Hotels & Resorts, Inc., CACI International Inc, American Homes 4 Rent are the ones to watch.

Friday's session summary: Leading equity indices in the US declined as after dropping 1.19%, Dow Jones closed at 31,862. S&P 500 shed 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. Let's review some stocks and their price targets.

Wyndham Hotels & Resorts, Inc. has lost 15.23% over the last 6 days. more of the same from Friday's session: during Friday's session, Wyndham Hotels & Resorts toiled and struggled for upward momentum before closing at $66.47. By the close, the the US hotel company suffered a $1.53 or 2.28% loss. Daily trading volume (1.30 million shares) increased, making up 170% of the 21-day average (759,773).

During Friday's session, CACI toiled and struggled for upward momentum before closing at $279.59. By the close, the the professional services and IT company suffered a $4.71 or 1.66% loss. Continuing its a 5 day bearish run (-$14.89), CACI showed losses Friday. Daily trading volume (299,259 shares) was higher than the current multiday average of 130,649.

So far this year, the professional services and IT company has declined 9.26% while touching highs around $315.57 earlier this year. Currently, the professional services and IT company has a market capitalization of $6.57 billion with an average daily trading volume of 130,649 shares. CACI has a forecast of $1.60 billion with an EPS of $4.39.

During Friday's session, American Homes 4 Rent toiled and struggled for upward momentum before closing at $30. By the close, the the real estate investment trust suffered a 57 cents or 1.83% loss. Daily trading volume (3.44 million shares) was above the current multiday average of 2.44 million.

American Homes 4 Rent hit a significant low of $29.32 around 9 days ago, but has since recovered 4.26%. The company's market cap currently stands at $12.40 billion with an average daily volume of 2.44 million shares. So far this year, it has been doing worse than the Nasdaq by 6.18%. American Homes 4 Rent expected revenue of $383.32 million with an EPS of 40 cents.

American Homes 4 Rent disclosed a quarterly dividend of 18 cents per share on Thursday, November 10th that was paid on Friday, December 30th to all shareholders of record up until Thursday, December 15th. Based on current prices, the company's decision thereby provides American Homes 4 Rent investors with an annual dividend yield of 2.4%.