Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we have now in contrast the buying and selling worth of every holding towards the common analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the SPDR Portfolio S&P 1500 Composite Inventory Market ETF (Image: SPTM), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $82.13 per unit.
With SPTM buying and selling at a latest worth close to $73.69 per unit, that signifies that analysts see 11.46% upside for this ETF trying by to the common analyst targets of the underlying holdings. Three of SPTM’s underlying holdings with notable upside to their analyst goal costs are JetBlue Airways Corp (Image: JBLU), ProPetro Holding Corp (Image: PUMP), and Hancock Whitney Corp (Image: HWC). Though JBLU has traded at a latest worth of $6.01/share, the common analyst goal is 15.31% increased at $6.93/share. Equally, PUMP has 14.37% upside from the latest share worth of $9.43 if the common analyst goal worth of $10.79/share is reached, and analysts on common expect HWC to achieve a goal worth of $67.91/share, which is 13.94% above the latest worth of $59.60. Beneath is a twelve month worth historical past chart evaluating the inventory efficiency of JBLU, PUMP, and HWC:
Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Current Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| SPDR Portfolio S&P 1500 Composite Inventory Market ETF | SPTM | $73.69 | $82.13 | 11.46% |
| JetBlue Airways Corp | JBLU | $6.01 | $6.93 | 15.31% |
| ProPetro Holding Corp | PUMP | $9.43 | $10.79 | 14.37% |
| Hancock Whitney Corp | HWC | $59.60 | $67.91 | 13.94% |
Are analysts justified in these targets, or overly optimistic about the place these shares can 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 in regards to the future, however will also be a precursor to focus on worth downgrades if the targets have been a relic of the previous. These are questions that require additional investor analysis.
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Additionally see:
Prem Watsa Stock Picks
MCHP Historical Stock Prices
PHIC YTD Return
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
