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 common analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the Invesco S&P SmallCap 600 Income ETF (Image: RWJ), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $53.77 per unit.
With RWJ buying and selling at a current value close to $41.69 per unit, that signifies that analysts see 28.98% upside for this ETF wanting by to the common analyst targets of the underlying holdings. Three of RWJ’s underlying holdings with notable upside to their analyst goal costs are Calix Inc (Image: CALX), Six Flags Leisure Company (Del) (Image: FUN), and Omnicell Inc (Image: OMCL). Though CALX has traded at a current value of $29.40/share, the common analyst goal is 67.80% increased at $49.33/share. Equally, FUN has 54.54% upside from the current share value of $36.02 if the common analyst goal value of $55.67/share is reached, and analysts on common expect OMCL to achieve a goal value of $54.71/share, which is 52.19% above the current value of $35.95. Under is a twelve month value historical past chart evaluating the inventory efficiency of CALX, FUN, and OMCL:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Current Value | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco S&P SmallCap 600 Income ETF | RWJ | $41.69 | $53.77 | 28.98% |
| Calix Inc | CALX | $29.40 | $49.33 | 67.80% |
| Six Flags Leisure Company (Del) | FUN | $36.02 | $55.67 | 54.54% |
| Omnicell Inc | OMCL | $35.95 | $54.71 | 52.19% |
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 value goal relative to a inventory’s buying and selling value can mirror optimism in regards to the future, however will also 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:
ETFs Holding PXLW
ETFs Holding LNG
Top Ten Hedge Funds Holding JBR
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
