Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, now we have in contrast the buying and selling worth of every holding in opposition to the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the SPDR Russell 1000 Low Volatility Focus ETF (Image: ONEV), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $143.55 per unit.
With ONEV buying and selling at a current worth close to $126.16 per unit, that signifies that analysts see 13.78% upside for this ETF wanting by to the typical analyst targets of the underlying holdings. Three of ONEV’s underlying holdings with notable upside to their analyst goal costs are Armstrong World Industries Inc (Image: AWI), LIBERTY BROADBAND A (Image: LBRDA), and TD SYNNEX Corp (Image: SNX). Though AWI has traded at a current worth of $141.46/share, the typical analyst goal is 16.34% larger at $164.57/share. Equally, LBRDA has 15.97% upside from the current share worth of $81.27 if the typical analyst goal worth of $94.25/share is reached, and analysts on common predict SNX to succeed in a goal worth of $148.54/share, which is 15.29% above the current worth of $128.85. Under is a twelve month worth historical past chart evaluating the inventory efficiency of AWI, LBRDA, and SNX:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| SPDR Russell 1000 Low Volatility Focus ETF | ONEV | $126.16 | $143.55 | 13.78% |
| Armstrong World Industries Inc | AWI | $141.46 | $164.57 | 16.34% |
| LIBERTY BROADBAND A | LBRDA | $81.27 | $94.25 | 15.97% |
| TD SYNNEX Corp | SNX | $128.85 | $148.54 | 15.29% |
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 current 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 may also be a precursor to focus on worth downgrades if the targets had been a relic of the previous. These are questions that require additional investor analysis.
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Additionally see:
MCC Stock Predictions
ZYXI Stock Predictions
Top Ten Hedge Funds Holding CLOB
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
