The Math Shows PXE Can Go To $25
March 10, 2017 at 09:20 AM EST
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the PowerShares Dynamic Energy Exploration & Production Portfolio ETF (PXE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $25.26 per unit.