Add Up The Pieces: SPHB Could Be Worth $42
May 22, 2017 at 10:31 AM EDT
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 S&P 500 High Beta Portfolio ETF (SPHB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $41.61 per unit.