Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve got in contrast the buying and selling worth of every holding towards the common analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Columbia Analysis Enhanced Core ETF (Image: RECS), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $39.80 per unit.
With RECS buying and selling at a latest worth close to $35.88 per unit, that implies that analysts see 10.93% upside for this ETF wanting via to the common analyst targets of the underlying holdings. Three of RECS’s underlying holdings with notable upside to their analyst goal costs are Columbia Banking System Inc (Image: COLB), Flowserve Corp (Image: FLS), and Gaming & Leisure Properties, Inc (Image: GLPI). Though COLB has traded at a latest worth of $28.63/share, the common analyst goal is 11.45% greater at $31.91/share. Equally, FLS has 11.32% upside from the latest share worth of $59.83 if the common analyst goal worth of $66.60/share is reached, and analysts on common expect GLPI to succeed in a goal worth of $54.42/share, which is 11.08% above the latest worth of $48.99. Under is a twelve month worth historical past chart evaluating the inventory efficiency of COLB, FLS, and GLPI:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Latest Value | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Columbia Analysis Enhanced Core ETF | RECS | $35.88 | $39.80 | 10.93% |
| Columbia Banking System Inc | COLB | $28.63 | $31.91 | 11.45% |
| Flowserve Corp | FLS | $59.83 | $66.60 | 11.32% |
| Gaming & Leisure Properties, Inc | GLPI | $48.99 | $54.42 | 11.08% |
Are analysts justified in these targets, or overly optimistic about the place these shares will likely be buying and selling 12 months from now? Do the analysts have a sound justification for his or her targets, or are they behind the curve on latest firm and trade developments? A excessive worth goal relative to a inventory’s buying and selling worth can mirror optimism concerning the future, however can 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.
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Additionally see:
Top Ten Hedge Funds Holding MEDS
Top Ten Hedge Funds Holding AVDV
INOV YTD Return
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
