Market selloff delivers upcoming price targets for 3 stocks

Pay attention to the following stocks approaching critical price targets: Eastman Chemical Co, Twenty-First Century Fox Inc., Hexcel Corporation are the ones to watch.

Friday's session summary: Leading equity indices in the US declined as Dow Jones shed 1.19% and closed 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. Let's review some stocks and their price targets.

During Friday's session, Eastman Chemical Co toiled and struggled for upward momentum before closing at $79.22. By the close, the Eastman Chemical, an US-based specialty materials producer, suffered a $2.74 or 3.34% loss. Eastman Chemical has been on a downtrend for 4 days, losing $2.53, with Friday's session adding to the run. Daily trading volume (2.18 million shares) increased, making up 257% of the 21-day average (849,795).

Eastman Chemical, an US-based specialty materials producer, has shed 9.31% over the past three months. Eastman Chemical, an US-based specialty materials producer,'s market cap currently stands at $9.41 billion with an average daily trading volume of 849,795 shares. So far this year, it has been doing worse than the S&P by 3.69%. Eastman Chemical is forecasted to generate revenues of $2.49 billion and EPS of $1.26.

Eastman Chemical disclosed a quarterly dividend of 79 cents per share on Thursday, December 1st that was paid on Friday, January 6th to all shareholders of record up until Thursday, December 15th. Based on current prices, the company's decision thereby provides Eastman Chemical investors with an annual dividend yield of 4%.

Having fallen $4.14 in 18 days, more of the same from Friday's session: during Friday's session, Twenty-First Century Fox toiled and struggled for upward momentum before closing at $30.1. By the close, the the multinational entertainment provider suffered a 12 cents or 0.4% loss. Daily trading volume (1.31 million shares) was slightly greater than the current multiday average of 1.28 million.

Having fallen $6.47 in 7 days, Friday's session continued down the same path: during Friday's session, Hexcel toiled and struggled for upward momentum before closing at $66.13. By the close, the the US structural materials manufacturer suffered a $1.9 or 2.79% loss. Daily trading volume (1.12 million shares) increased, making up 178% of the 21-day average (629,461).