Sum Up The Parts: FXR Could Be Worth $39
August 18, 2017 at 09:40 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 First Trust Industrials/Producer Durables AlphaDEX Fund ETF (FXR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $38.62 per unit.