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 common analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the Invesco S&P SmallCap Momentum ETF (Image: XSMO), we discovered that the implied analyst goal value for the ETF based mostly upon its underlying holdings is $60.32 per unit.
With XSMO buying and selling at a current value close to $53.95 per unit, that signifies that analysts see 11.81% upside for this ETF trying by means of to the common analyst targets of the underlying holdings. Three of XSMO’s underlying holdings with notable upside to their analyst goal costs are Tupperware Manufacturers Corp (Image: TUP), Neighborhood Well being Techniques, Inc. (Image: CYH), and Ensign Group Inc (Image: ENSG). Though TUP has traded at a current value of $23.71/share, the common analyst goal is 45.51% increased at $34.50/share. Equally, CYH has 25.13% upside from the current share value of $12.52 if the common analyst goal value of $15.67/share is reached, and analysts on common expect ENSG to achieve a goal value of $96.80/share, which is 17.60% above the current value of $82.31. Under is a twelve month value historical past chart evaluating the inventory efficiency of TUP, CYH, and ENSG:
Under is a abstract desk of the present analyst goal costs mentioned above:
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| Identify | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco S&P SmallCap Momentum ETF | XSMO | $53.95 | $60.32 | 11.81% |
| Tupperware Manufacturers Corp | TUP | $23.71 | $34.50 | 45.51% |
| Neighborhood Well being Techniques, Inc. | CYH | $12.52 | $15.67 | 25.13% |
| Ensign Group Inc | ENSG | $82.31 | $96.80 | 17.60% |
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 current firm and business developments? A excessive value goal relative to a inventory’s buying and selling value can mirror optimism in regards to the future, however can 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 mirror these of Nasdaq, Inc.
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