11.9 C
Los Angeles
Sunday, March 26, 2023
- Advertisement -

Peek Under the Hood: SPMD is up 12%

BusinessMarketsPeek Under the Hood: SPMD is up 12%
- Advertisement -


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:

- Advertisement -


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.



Source link

stories from the outbreak

stories from the outbreak Source link

Here are 5 features of the newly launched Redmi A2 and Redmi A2 Plus

Redmi A2 and Redmi A2+ are the new budget smartphones from Xiaomi that have been...

Pokémon Go Giovanni Counter, team line-up for late March 2023

Giovanni's team had a fresh pokemon go after the arrival of from the...
- Advertisement -

Follow us

— Advertisement —

Most Popular Articles