Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve in contrast the buying and selling value of every holding towards the typical analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the CCM International Fairness ETF (Image: CCMG), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $30.88 per unit.
With CCMG buying and selling at a latest value close to $28.16 per unit, that signifies that analysts see 9.64% upside for this ETF trying by way of to the typical analyst targets of the underlying holdings. Three of CCMG’s underlying holdings with notable upside to their analyst goal costs are Flowers Meals, Inc. (Image: FLO), Pool Corp (Image: POOL), and Real Components Co. (Image: GPC). Though FLO has traded at a latest value of $18.05/share, the typical analyst goal is 12.65% greater at $20.33/share. Equally, POOL has 12.55% upside from the latest share value of $325.63 if the typical analyst goal value of $366.50/share is reached, and analysts on common expect GPC to succeed in a goal value of $131.11/share, which is 11.21% above the latest value of $117.89. Under is a twelve month value historical past chart evaluating the inventory efficiency of FLO, POOL, and GPC:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| CCM International Fairness ETF | CCMG | $28.16 | $30.88 | 9.64% |
| Flowers Meals, Inc. | FLO | $18.05 | $20.33 | 12.65% |
| Pool Corp | POOL | $325.63 | $366.50 | 12.55% |
| Real Components Co. | GPC | $117.89 | $131.11 | 11.21% |
Are analysts justified in these targets, or overly optimistic about the place these shares will probably 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 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:
FVT shares outstanding history
Institutional Holders of NAGS
REXN Options Chain
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
