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Peek Under the Hood: SPMD is up 12%

BusinessMarketsPeek Under the Hood: SPMD is up 12%
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Looking at the underlying holdings of the ETFs in our coverage universe ETF Channel, we’ve compared each holding’s trading price against the average analyst 12-month forward target price, and calculated a weighted average implied analyst target price for the ETF. For the SPDR Portfolio S&P 400 Mid Cap ETF (symbol: SPMD), we find that the implied analyst target price for the ETF based on its underlying holdings is $51.48 per unit.

SPMD is trading at a recent price close to $45.89 per unit, which means analysts see 12.19% upside for this ETF, looking at average analyst targets for the underlying holdings. Three of SPMD’s underlying holdings are The Brinks Company (symbol: BCO), The Wendy’s Company (symbol: WEN), and The Western Union Company (symbol: WU). Although BCO recently traded at a price of $67.05/share, the average analyst target is 16.33% higher at $78.00/share. Similarly, WEN’s recent share price of $21.75 is 13.03% higher if the average analyst target price reaches $24.58/share, and analysts average expect WU to reach a target price of $13.96/share, which is $12.52. % is more. Recent price of $12.41. Below is a twelve month price history chart comparing the stock performance of BCO, WEN and WU:

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Below is a summary table of the current analyst target prices discussed above:

Name Sign latest price Average analyst 12-mo. Target % above target
SPDR Portfolio S&P 400 Mid Cap ETF SPMD $45.89 $51.48 12.19%
brinks company bco $67.05 $78.00 16.33%
wendy’s company Wayne $21.75 $24.58 13.03%
western union company Woo $12.41 $13.96 12.52%

Are analysts being justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A higher price target relative to the stock’s trading price may reflect optimism about the future, but may also be a precursor to target price declines if the target were a relic of the past. These are questions that require further investor research.

10 ETFs With the Largest Upsides to Analyst Targets »

See also:

, Dividend Giants Widely Held by ETFs

, SIGA Earnings History

, CHAA Market Cap History

The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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