Surprising Analyst 12-Month Target For SPHB
May 30, 2017 at 08:32 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 $41.39 per unit.