Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, now we have in contrast the buying and selling value of every holding in opposition to the typical analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the Invesco S&P 500 Low Volatility ETF (Image: SPLV), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $79.73 per unit.
With SPLV buying and selling at a latest value close to $70.98 per unit, that signifies that analysts see 12.32% upside for this ETF trying by way of to the typical analyst targets of the underlying holdings. Three of SPLV’s underlying holdings with notable upside to their analyst goal costs are Hologic Inc (Image: HOLX), Normal Dynamics Corp (Image: GD), and Packaging Corp of America (Image: PKG). Though HOLX has traded at a latest value of $71.41/share, the typical analyst goal is 22.97% increased at $87.81/share. Equally, GD has 22.39% upside from the latest share value of $251.45 if the typical analyst goal value of $307.75/share is reached, and analysts on common expect PKG to succeed in a goal value of $252.57/share, which is 17.41% above the latest value of $215.12. Beneath is a twelve month value historical past chart evaluating the inventory efficiency of HOLX, GD, and PKG:
Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Current Value | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco S&P 500 Low Volatility ETF | SPLV | $70.98 | $79.73 | 12.32% |
| Hologic Inc | HOLX | $71.41 | $87.81 | 22.97% |
| Normal Dynamics Corp | GD | $251.45 | $307.75 | 22.39% |
| Packaging Corp of America | PKG | $215.12 | $252.57 | 17.41% |
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 legitimate justification for his or her targets, or are they behind the curve on latest firm and trade developments? A excessive value goal relative to a inventory’s buying and selling value can mirror optimism in regards to the future, however can be a precursor to focus on value downgrades if the targets had 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 NQM
TILE Price Target
WFCF 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.
