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Add Up The Pieces: The iShares Russell Mid-Cap Value ETF Could Be Worth $97

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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.&nbsp; For the iShares Russell Mid-Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $96.84 per unit.

With IWS trading at a recent price near $88.38 per unit, that means that analysts see 9.57% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWS’s underlying holdings with notable upside to their analyst target prices are Skechers USA, Empire State Realty Trust and Advance Auto Parts. Although SKX has traded at a recent price of $29.77/share, the average analyst target is 16.22% higher at $34.60/share. Similarly, ESRT has 15.77% upside from the recent share price of $15.03 if the average analyst target price of $17.40/share is reached, and analysts on average are expecting AAP to reach a target price of $196.54/share, which is 15.56% above the recent price of $170.08.

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

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
iShares Russell Mid-Cap Value ETF IWS $88.38 $96.84 9.57%
Skechers USA Inc SKX $29.77 $34.60 16.22%
Empire State Realty Trust Inc ESRT $15.03 $17.40 15.77%
Advance Auto Parts Inc AAP $170.08 $196.54 15.56%

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 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.

Click here to find out 10 ETFs With Most Upside To Analyst Targets &raquo;

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Getty

Getty

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 iShares Russell Mid-Cap Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $96.84 per unit.

With IWS trading at a recent price near $88.38 per unit, that means that analysts see 9.57% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IWS’s underlying holdings with notable upside to their analyst target prices are Skechers USA, Empire State Realty Trust and Advance Auto Parts. Although SKX has traded at a recent price of $29.77/share, the average analyst target is 16.22% higher at $34.60/share. Similarly, ESRT has 15.77% upside from the recent share price of $15.03 if the average analyst target price of $17.40/share is reached, and analysts on average are expecting AAP to reach a target price of $196.54/share, which is 15.56% above the recent price of $170.08.

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

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
iShares Russell Mid-Cap Value ETF IWS $88.38 $96.84 9.57%
Skechers USA Inc SKX $29.77 $34.60 16.22%
Empire State Realty Trust Inc ESRT $15.03 $17.40 15.77%
Advance Auto Parts Inc AAP $170.08 $196.54 15.56%

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 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.

Click here to find out 10 ETFs With Most Upside To Analyst Targets »

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