Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve got 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 S&P Mid-Cap 400 Progress ETF (Image: IVOG), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $128.35 per unit.
With IVOG buying and selling at a latest worth close to $115.01 per unit, that implies that analysts see 11.60% upside for this ETF wanting by means of to the typical analyst targets of the underlying holdings. Three of IVOG’s underlying holdings with notable upside to their analyst goal costs are Vail Resorts Inc (Image: MTN), UFP Industries Inc (Image: UFPI), and Hancock Whitney Corp (Image: HWC). Though MTN has traded at a latest worth of $169.21/share, the typical analyst goal is 14.77% greater at $194.20/share. Equally, UFPI has 13.78% upside from the latest share worth of $123.04 if the typical analyst goal worth of $140.00/share is reached, and analysts on common predict HWC to achieve a goal worth of $59.64/share, which is 13.60% above the latest worth of $52.50. Beneath is a twelve month worth historical past chart evaluating the inventory efficiency of MTN, UFPI, and HWC:
Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Current Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Vanguard S&P Mid-Cap 400 Progress ETF | IVOG | $115.01 | $128.35 | 11.60% |
| Vail Resorts Inc | MTN | $169.21 | $194.20 | 14.77% |
| UFP Industries Inc | UFPI | $123.04 | $140.00 | 13.78% |
| Hancock Whitney Corp | HWC | $52.50 | $59.64 | 13.60% |
Are analysts justified in these targets, or overly optimistic about the place these shares might 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 business developments? A excessive worth goal relative to a inventory’s buying and selling worth can mirror optimism concerning 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:
Carl Icahn Stock Picks
AXON shares outstanding history
ITUS Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
