Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we've in
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 in opposition to the typical analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the First Belief Nasdaq Transportation ETF (Image: FTXR), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $26.73 per unit.
With FTXR buying and selling at a current value close to $24.18 per unit, that implies that analysts see 10.53% upside for this ETF wanting by way of to the typical analyst targets of the underlying holdings. Three of FTXR’s underlying holdings with notable upside to their analyst goal costs are Spirit Airways Inc (Image: SAVE), Knight-Swift Transportation Holdings Inc (Image: KNX), and Lear Corp. (Image: LEA). Though SAVE has traded at a current value of $38.13/share, the typical analyst goal is 27.94% increased at $48.78/share. Equally, KNX has 19.74% upside from the current share value of $35.97 if the typical analyst goal value of $43.07/share is reached, and analysts on common expect LEA to achieve a goal value of $133.93/share, which is…