Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we now have in contrast the buying and selling worth of every holding in opposition to the common analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the First Belief NASDAQ-100 Equal Weighted Index Fund ETF (Image: QQEW), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $143.44 per unit.
With QQEW buying and selling at a current worth close to $130.80 per unit, that signifies that analysts see 9.66% upside for this ETF trying via to the common analyst targets of the underlying holdings. Three of QQEW’s underlying holdings with notable upside to their analyst goal costs are CoStar Group, Inc. (Image: CSGP), Constellation Vitality Corp (Image: CEG), and Exelon Corp (Image: EXC). Though CSGP has traded at a current worth of $75.87/share, the common analyst goal is nineteen.82% increased at $90.91/share. Equally, CEG has 16.57% upside from the current share worth of $237.27 if the common analyst goal worth of $276.59/share is reached, and analysts on common predict EXC to achieve a goal worth of $43.47/share, which is 13.19% above the current worth of $38.40. Under is a twelve month worth historical past chart evaluating the inventory efficiency of CSGP, CEG, and EXC:
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 |
|---|---|---|---|---|
| First Belief NASDAQ-100 Equal Weighted Index Fund ETF | QQEW | $130.80 | $143.44 | 9.66% |
| CoStar Group, Inc. | CSGP | $75.87 | $90.91 | 19.82% |
| Constellation Vitality Corp | CEG | $237.27 | $276.59 | 16.57% |
| Exelon Corp | EXC | $38.40 | $43.47 | 13.19% |
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 current firm and trade 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:
Top Ten Hedge Funds Holding EHIC
Top Ten Hedge Funds Holding EMMA
Funds Holding LIAE
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
