Analysts Predict 11% Upside For FDVV | Global Market News
Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we have now in contrast the trading price of every holding in opposition to the average analyst 12-month ahead goal price, and computed the weighted average implied analyst goal price for the ETF itself. For the Fidelity High Dividend ETF (Symbol: FDVV), we discovered that the implied analyst goal price for the ETF primarily based upon its underlying holdings is $56.58 per unit.
With FDVV trading at a current price close to $50.99 per unit, that signifies that analysts see 10.96% upside for this ETF trying by means of to the average analyst targets of the underlying holdings. Three of FDVV’s underlying holdings with notable upside to their analyst goal costs are Exxon Mobil Corp (Symbol: XOM), Whirlpool Corp (Symbol: WHR), and TPG Partners LLC (Symbol: TPG). Although XOM has traded at a current price of $104.27/share, the average analyst goal is 17.63% increased at $122.65/share. Similarly, WHR has 14.42% upside from the current share price of $83.03 if the average analyst goal price of $95.00/share is reached, and analysts on average predict TPG to succeed in a goal price of $56.77/share, which is 12.97% above the current price of $50.25. Below is a twelve month price historical past chart evaluating the stock efficiency of XOM, WHR, and TPG:
Below is a abstract desk of the present analyst goal costs mentioned above:
Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target Fidelity High Dividend ETF FDVV $50.99 $56.58 10.96% Exxon Mobil Corp XOM $104.27 $122.65 17.63% Whirlpool Corp WHR $83.03 $95.00 14.42% TPG Partners LLC TPG $50.25 $56.77 12.97%Are analysts justified in these targets, or overly optimistic about the place these stocks will probably be trading 12 months from now? Do the analysts have a legitimate justification for his or her targets, or are they behind the curve on current company and industry developments? A high price goal relative to a stock’s trading price can mirror optimism concerning the future, however will also be a precursor to focus on price 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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