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 Invesco S&P 500 QVM Multi-factor ETF (Image: QVML), we discovered that the implied analyst goal value for the ETF based mostly upon its underlying holdings is $33.21 per unit.
With QVML buying and selling at a latest value close to $30.03 per unit, that signifies that analysts see 10.60% upside for this ETF trying by to the typical analyst targets of the underlying holdings. Three of QVML’s underlying holdings with notable upside to their analyst goal costs are Service International Corp (Image: CARR), Teradyne, Inc. (Image: TER), and Honeywell Worldwide Inc (Image: HON). Though CARR has traded at a latest value of $55.46/share, the typical analyst goal is 13.21% larger at $62.78/share. Equally, TER has 12.68% upside from the latest share value of $104.42 if the typical analyst goal value of $117.66/share is reached, and analysts on common expect HON to succeed in a goal value of $218.57/share, which is 12.64% above the latest value of $194.04. Under is a twelve month value historical past chart evaluating the inventory efficiency of CARR, TER, and HON:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Current Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco S&P 500 QVM Multi-factor ETF | QVML | $30.03 | $33.21 | 10.60% |
| Service International Corp | CARR | $55.46 | $62.78 | 13.21% |
| Teradyne, Inc. | TER | $104.42 | $117.66 | 12.68% |
| Honeywell Worldwide Inc | HON | $194.04 | $218.57 | 12.64% |
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 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 concerning 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:
SCHA Videos
BAB Historical Stock Prices
Institutional Holders of VISA
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
