Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we have now in contrast the buying and selling worth of every holding towards the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Vanguard S&P Mid-Cap 400 Worth ETF (Image: IVOV), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $110.85 per unit.
With IVOV buying and selling at a latest worth close to $100.28 per unit, that signifies that analysts see 10.54% upside for this ETF trying by means of to the typical analyst targets of the underlying holdings. Three of IVOV’s underlying holdings with notable upside to their analyst goal costs are New Jersey Assets Corp (Image: NJR), American Airways Group Inc (Image: AAL), and American Monetary Group Inc (Image: AFG). Though NJR has traded at a latest worth of $47.79/share, the typical analyst goal is 11.74% larger at $53.40/share. Equally, AAL has 11.16% upside from the latest share worth of $18.64 if the typical analyst goal worth of $20.72/share is reached, and analysts on common predict AFG to succeed in a goal worth of $149.40/share, which is 10.55% above the latest worth of $135.14. Under is a twelve month worth historical past chart evaluating the inventory efficiency of NJR, AAL, and AFG:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Vanguard S&P Mid-Cap 400 Worth ETF | IVOV | $100.28 | $110.85 | 10.54% |
| New Jersey Assets Corp | NJR | $47.79 | $53.40 | 11.74% |
| American Airways Group Inc | AAL | $18.64 | $20.72 | 11.16% |
| American Monetary Group Inc | AFG | $135.14 | $149.40 | 10.55% |
Are analysts justified in these targets, or overly optimistic about the place these shares might be buying and selling 12 months from now? Do the analysts have a legitimate justification for his or her targets, or are they behind the curve on latest firm and business developments? A excessive worth goal relative to a inventory’s buying and selling worth can replicate optimism in regards to the future, however will also be a precursor to focus on worth downgrades if the targets have been a relic of the previous. These are questions that require additional investor analysis.
10 ETFs With Most Upside To Analyst Targets »
Additionally see:
Funds Holding RNR
Institutional Holders of INSW
Top Ten Hedge Funds Holding ACHN
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
