The Math Shows PXJ Can Go To $12
July 24, 2017 at 08:49 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 Dynamic Oil & Gas Services Portfolio ETF (PXJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $11.98 per unit.