Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve got in contrast the buying and selling value of every holding in opposition to the common analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the Invesco Dynamic Leisure and Leisure ETF (Image: PEJ), we discovered that the implied analyst goal value for the ETF based mostly upon its underlying holdings is $56.98 per unit.
With PEJ buying and selling at a latest value close to $51.82 per unit, that signifies that analysts see 9.95% upside for this ETF wanting by way of to the common analyst targets of the underlying holdings. Three of PEJ’s underlying holdings with notable upside to their analyst goal costs are Warner Music Group Corp (Image: WMG), Expedia Group Inc (Image: EXPE), and Cracker Barrel Outdated Nation Retailer Inc (Image: CBRL). Though WMG has traded at a latest value of $36.21/share, the common analyst goal is 16.45% larger at $42.17/share. Equally, EXPE has 11.66% upside from the latest share value of $159.90 if the common analyst goal value of $178.54/share is reached, and analysts on common predict CBRL to achieve a goal value of $160.00/share, which is 10.06% above the latest value of $145.38. Beneath is a twelve month value historical past chart evaluating the inventory efficiency of WMG, EXPE, and CBRL:
Mixed, WMG, EXPE, and CBRL signify 9.91% of the Invesco Dynamic Leisure and Leisure ETF. Beneath is a abstract desk of the present analyst goal costs mentioned above:
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| Title | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco Dynamic Leisure and Leisure ETF | PEJ | $51.82 | $56.98 | 9.95% |
| Warner Music Group Corp | WMG | $36.21 | $42.17 | 16.45% |
| Expedia Group Inc | EXPE | $159.90 | $178.54 | 11.66% |
| Cracker Barrel Outdated Nation Retailer Inc | CBRL | $145.38 | $160.00 | 10.06% |
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 value goal relative to a inventory’s buying and selling value can replicate optimism in regards to the future, however will also be a precursor to focus on value downgrades if the targets had been a relic of the previous. These are questions that require additional investor analysis.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.