Looking on the unde
Looking 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 Dynamic Meals & Beverage ETF (Image: PBJ), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $45.95 per unit.
With PBJ buying and selling at a latest value close to $41.51 per unit, that implies that analysts see 10.69% upside for this ETF trying via to the typical analyst targets of the underlying holdings. Three of PBJ’s underlying holdings with notable upside to their analyst goal costs are Efficiency Meals Group Co (Image: PFGC), Hain Celestial Group Inc (Image: HAIN), and Adecoagro SA (Image: AGRO). Though PFGC has traded at a latest value of $45.96/share, the typical analyst goal is 22.93% larger at $56.50/share. Equally, HAIN has 18.03% upside from the latest share value of $39.94 if the typical analyst goal value of $47.14/share is reached, and analysts on common predict AGRO to achieve a goal value of $11.33/share, which is 17.44% above the latest value of $9.65. Beneath is a twelve month value historical past chart evaluating the inventory efficiency of PFGC, HAIN, and AGRO:
Mixed, PFGC, HAIN, and AGRO signify 8.06% of the Invesco Dynamic Meals & Beverage ETF. Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco Dynamic Meals & Beverage ETF | PBJ | $41.51 | $45.95 | 10.69% |
| Efficiency Meals Group Co | PFGC | $45.96 | $56.50 | 22.93% |
| Hain Celestial Group Inc | HAIN | $39.94 | $47.14 | 18.03% |
| Adecoagro SA | AGRO | $9.65 | $11.33 | 17.44% |
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 sound justification for his or her targets, or are they behind the curve on latest firm and business developments? A excessive value goal relative to a inventory’s buying and selling value can replicate optimism in regards to the future, however may 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.
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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.