Analysts predict IECS to hit $37


ILooking at the underlying ETF holdings in our coverage universe on ETF Channel, we compared the trading price of each holding to the 12-month futures analyst average target price, and calculated the weighted average implied analyst target price. for the ETF itself. For the iShares Evolved US Consumer Staples ETF (Symbol: IECS), we found that the analysts’ implied target price for the ETF based on its underlying holdings is $37.31 per share.

With IECS trading at a recent price close to $33.61 per share, this means analysts see an 11.01% upside potential for this ETF when looking at the average analyst targets of the underlying holdings. Wingstop Inc (ticker: WING), Yum China Holdings Inc (ticker: YUMC) and Berry Global Group Inc (ticker: BERY) are three of IECS’s underlying holdings with a notable advantage over their analyst target prices . Although WING traded at a recent price of $108.81/share, the average analyst target is 53.91% higher at $167.47/share. Similarly, YUMC is up 50.87% from the recent stock price of $41.26 if the average analyst target price of $62.25/share is reached, and analysts expect in average for BERY to hit a target price of $79.78/share, 35.95% above the recent price of $58.68. Below is a 12 month price history chart comparing the performance of WING, YUMC and BERY stocks:

Below is a table summarizing the current target prices of the analysts mentioned above:

name symbol Recent Price Avg. 12-MB Analyst. Target % increase over target
iShares Evolved US Consumer Staples ETF CEIS $33.61 $37.31 11.01%
Wingstop Inc. WING $108.81 $167.47 53.91%
Yum China Holdings Inc. YUMC $41.26 $62.25 50.87%
Berry Global Group Inc BERY $58.68 $79.78 35.95%

Are analysts justified in these targets, or too optimistic about where these stocks will trade in 12 months? Do the analysts have a valid rationale for their goals, or are they lagging behind recent company and industry developments? A high price target relative to a stock’s price can reflect optimism about the future, but can also be a precursor to target price declines if targets were a relic of the past. These are questions that require further research from investors.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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