How The Pieces Add Up: The WisdomTree U.S. MidCap Earnings Fund ETF Targets $45

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-1134706919&q; src=&q;×0.jpg?fit=scale&q; data-height=&q;598&q; data-width=&q;960&q;&g; Getty

Looking at the underlying holdings of the ETFs in our coverage universe at &l;a href=&q;; target=&q;_blank&q;&g;ETF Channel&l;/a&g;, 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.&a;nbsp; For the WisdomTree U.S. MidCap Earnings Fund ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.00 per unit.

With EZM trading at a recent price near $39.54 per unit, that means that analysts see 13.81% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EZM&s;s underlying holdings with notable upside to their analyst target prices are Magnolia Oil &a;amp; Gas, Red Rock Resorts and Navistar International. Although MGY has traded at a recent price of $12.40/share, the average analyst target is 31.91% higher at $16.36/share. Similarly, RRR has 21.06% upside from the recent share price of $26.95 if the average analyst target price of $32.62/share is reached, and analysts on average are expecting NAV to reach a target price of $40.00/share, which is 16.11% above the recent price of $34.45.

Below is a summary table of the current analyst target prices discussed above:


&l;/p&g;&l;div class=&q;table-wrapper&q;&g;&l;table class=&q;hctblstyle&q; border=&q;0&q; cellspacing=&q;0&q; cellpadding=&q;0&q;&g;&l;tbody&g;&l;tr&g;&l;th&g;Name&l;/th&g; &l;th align=&q;center&q;&g;Symbol&l;/th&g; &l;th align=&q;right&q;&g;Recent Price&l;/th&g; &l;th align=&q;right&q;&g;Avg. Analyst 12-Mo. Target&l;/th&g; &l;th align=&q;right&q;&g;% Upside to Target&l;/th&g; &l;/tr&g;&l;tr&g;&l;td&g;&l;b&g;WisdomTree U.S. MidCap Earnings Fund ETF&l;/b&g;&l;/td&g; &l;td align=&q;center&q;&g;&l;b&g;EZM&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$39.54&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$45.00&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;13.81%&l;/b&g;&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Magnolia Oil &a;amp; Gas Corp&l;/td&g; &l;td align=&q;center&q;&g;MGY&l;/td&g; &l;td align=&q;right&q;&g;$12.40&l;/td&g; &l;td align=&q;right&q;&g;$16.36&l;/td&g; &l;td align=&q;right&q;&g;31.91%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Red Rock Resorts Inc&l;/td&g; &l;td align=&q;center&q;&g;RRR&l;/td&g; &l;td align=&q;right&q;&g;$26.95&l;/td&g; &l;td align=&q;right&q;&g;$32.62&l;/td&g; &l;td align=&q;right&q;&g;21.06%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Navistar International Corp.&l;/td&g; &l;td align=&q;center&q;&g;NAV&l;/td&g; &l;td align=&q;right&q;&g;$34.45&l;/td&g; &l;td align=&q;right&q;&g;$40.00&l;/td&g; &l;td align=&q;right&q;&g;16.11%&l;/td&g; &l;/tr&g;&l;/tbody&g;&l;/table&g;&l;/div&g;

Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock&s;s trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.

&l;a href=&q;; target=&q;_blank&q;&g;Click here to find out 10 ETFs With Most Upside To Analyst Targets &a;raquo;&l;/a&g;

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