Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we now have in contrast the buying and selling worth of every holding in opposition to the common analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Invesco FTSE RAFI US 1000 ETF (Image: PRF), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $44.56 per unit.
With PRF buying and selling at a latest worth close to $40.57 per unit, that signifies that analysts see 9.83% upside for this ETF wanting by to the common analyst targets of the underlying holdings. Three of PRF’s underlying holdings with notable upside to their analyst goal costs are StoneCo Ltd (Image: STNE), Tronox Holdings PLC (Image: TROX), and Nomad Meals Ltd (Image: NOMD). Though STNE has traded at a latest worth of $11.46/share, the common analyst goal is 50.09% increased at $17.20/share. Equally, TROX has 39.00% upside from the latest share worth of $12.41 if the common analyst goal worth of $17.25/share is reached, and analysts on common expect NOMD to succeed in a goal worth of $24.17/share, which is 37.62% above the latest worth of $17.56. Under is a twelve month worth historical past chart evaluating the inventory efficiency of STNE, TROX, and NOMD:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Latest Value | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco FTSE RAFI US 1000 ETF | PRF | $40.57 | $44.56 | 9.83% |
| StoneCo Ltd | STNE | $11.46 | $17.20 | 50.09% |
| Tronox Holdings PLC | TROX | $12.41 | $17.25 | 39.00% |
| Nomad Meals Ltd | NOMD | $17.56 | $24.17 | 37.62% |
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 trade developments? A excessive worth goal relative to a inventory’s buying and selling worth can replicate 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.
10 ETFs With Most Upside To Analyst Targets »
Additionally see:
Holdings Channel
Funds Holding CULP
UFCS Options Chain
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
