Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve 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 Vanguard Russell 1000 ETF (Image: VONE), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $303.59 per unit.
With VONE buying and selling at a current worth close to $273.41 per unit, that signifies that analysts see 11.04% upside for this ETF trying via to the typical analyst targets of the underlying holdings. Three of VONE’s underlying holdings with notable upside to their analyst goal costs are AZEK Co Inc (Image: AZEK), Journey + Leisure Co (Image: TNL), and Hayward Holdings Inc (Image: HAYW). Though AZEK has traded at a current worth of $49.29/share, the typical analyst goal is 11.58% larger at $55.00/share. Equally, TNL has 11.37% upside from the current share worth of $51.03 if the typical analyst goal worth of $56.83/share is reached, and analysts on common predict HAYW to succeed in a goal worth of $17.36/share, which is 11.33% above the current worth of $15.59. Under is a twelve month worth historical past chart evaluating the inventory efficiency of AZEK, TNL, and HAYW:
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 |
|---|---|---|---|---|
| Vanguard Russell 1000 ETF | VONE | $273.41 | $303.59 | 11.04% |
| AZEK Co Inc | AZEK | $49.29 | $55.00 | 11.58% |
| Journey + Leisure Co | TNL | $51.03 | $56.83 | 11.37% |
| Hayward Holdings Inc | HAYW | $15.59 | $17.36 | 11.33% |
Are analysts justified in these targets, or overly optimistic about the place these shares shall 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 concerning 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.
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Additionally see:
Energy Stock Dividends
Top Ten Hedge Funds Holding EWSC
Institutional Holders of VFIN
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
