Self Directed Investor Inc
SDI: "Empowering investors with ideas and education"
Symbol Lookup »  
Topics:>ChinaETFsEarningsEconomy>EnergyForex>GoldIncome>Lessons>IdeasTrading

  • Other news: News from PR Newswire
| More

We Did The Math EQRR Can Go To $44

Thu, Aug 10, 11:14 AM ET, by ETF Channel

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 ProShares Equities for Rising Rates ETF (EQRR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $43.54 per unit.

Start slideshow:
10
ETFs With Most Upside To Analyst Targets

With EQRR trading at a recent price near $39.66 per unit, that means that analysts see 9.79% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EQRR's underlying holdings with notable upside to their analyst target prices are Martin Marietta Materials, Inc. (MLM), Steel Dynamics Inc. (STLD), and Marathon Petroleum Corp. (MPC). Although MLM has traded at a recent price of $210.95/share, the average analyst target is 19.36% higher at $251.80/share. Similarly, STLD has 18.56% upside from the recent share price of $35.51 if the average analyst target price of $42.10/share is reached, and analysts on average are expecting MPC to reach a target price of $62.38/share, which is 17.73% above the recent price of $52.99. Below is a twelve month price history chart comparing the stock performance of MLM, STLD, and MPC:

MLM, STLD, and MPC Relative Performance Chart

Combined, MLM, STLD, and MPC represent 5.86% of the ProShares Equities for Rising Rates ETF. 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
ProShares Equities for Rising Rates ETF EQRR $39.66 $43.54 9.79%
Martin Marietta Materials, Inc. MLM $210.95 $251.80 19.36%
Steel Dynamics Inc. STLD $35.51 $42.10 18.56%
Marathon Petroleum Corp. MPC $52.99 $62.38 17.73%

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.

The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on MLM FREE
Get the latest Zacks research report on STLD FREE
Get the latest Zacks research report on MPC FREE

Read the original article at ETF Channel: We Did The Math EQRR Can Go To $44


SDI Glossary: "Analyst" Definition
SDI Glossary: "Channel" Definition
SDI Glossary: "price" Definition
SDI Glossary: "ETFs" Definition
This Article's Word Cloud:   Below   Corp   Dynamics   EQRR   Equities   FREEGet   Marathon   Martin   Petroleum   ProShares   Rates   Rising   STLD   Steel   Target   Zacks   adsbygoogle   analyst   analysts   average   background   based   border   color   data   from   have   hctblstyle   holdings   implied   latest   month   padding   price   prices   recent   report   research   share   solid   stock   target   targets   that   these   trading   underlying   upon   upside   which

| More

See How Wal-Mart Stores Ranks Among Analysts' Top Dow 30 Picks
Tue, Aug 22, 11:54 AM ET, by ETF Channel

A study of analyst recommendations at the major brokerages shows that Wal-Mart Stores, Inc. (WMT) ...

Estee Lauder Takes Over #55 Spot From Electronic Arts
Tue, Aug 22, 11:54 AM ET, by ETF Channel

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

SMH, AVGO, ASML, AMAT: ETF Outflow Alert
Tue, Aug 22, 11:24 AM ET, by ETF Channel

Symbols mentioned in this story: SMH, AVGO, ASML, AMAT Exchange traded funds (ETFs) trade just ...

ProShares Short Russell2000 (RWM) Shares Cross Below 200 DMA
Tue, Aug 22, 11:24 AM ET, by ETF Channel

In trading on Tuesday, shares of the ProShares Short Russell2000 ETF (RWM) crossed below their ...

IXG, USB, CB, MS: ETF Outflow Alert
Tue, Aug 22, 11:24 AM ET, by ETF Channel

Symbols mentioned in this story: IXG, USB, CB, MS Exchange traded funds (ETFs) trade just ...

SPDR Nuveen Bloomberg Barclays Municipal Bond ETF Experiences Big Inflow
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: TFI Exchange traded funds (ETFs) trade just like stocks, but ...

SDY, SKT, TGT, NNN: Large Outflows Detected at ETF
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: SDY, SKT, TGT, NNN Exchange traded funds (ETFs) trade just ...

IWD, T, MDT, SLB: ETF Outflow Alert
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: IWD, T, MDT, SLB Exchange traded funds (ETFs) trade just ...

DIA, TRV, AXP, NKE: Large Inflows Detected at ETF
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: DIA, TRV, AXP, NKE Exchange traded funds (ETFs) trade just ...

iShares Core S&P Mid-Cap ETF Experiences Big Outflow
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: IJH, DPZ, CGNX, CDK Exchange traded funds (ETFs) trade just ...

IJS, SIGI, PRA, FCFS: Large Outflows Detected at ETF
Tue, Aug 22, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: IJS, SIGI, PRA, FCFS Exchange traded funds (ETFs) trade just ...

LTC Properties Reaches Analyst Target Price
Tue, Aug 22, 9:54 AM ET, by ETF Channel

In recent trading, shares of LTC Properties, Inc. (LTC) have crossed above the average analyst ...

DSI's Holdings Imply 10% Gain Potential
Tue, Aug 22, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Equifax Moves Up In Analyst Rankings, Passing MetLife
Mon, Aug 21, 11:54 AM ET, by ETF Channel

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

Vanguard Energy Getting Very Oversold
Mon, Aug 21, 11:24 AM ET, by ETF Channel

In trading on Monday, shares of the Vanguard Energy ETF (VDE) entered into oversold territory, ...

VIOV Crosses Critical Technical Indicator
Mon, Aug 21, 11:24 AM ET, by ETF Channel

In trading on Monday, shares of the Vanguard S&P Small-Cap 600 Value ETF (VIOV) entered ...

Energy Select Sector SPDR Fund Getting Very Oversold
Mon, Aug 21, 11:24 AM ET, by ETF Channel

In trading on Monday, shares of the Energy Select Sector SPDR Fund ETF (XLE) entered ...

Daily Energy Bull 3X Shares (ERX) Enters Oversold Territory
Mon, Aug 21, 11:24 AM ET, by ETF Channel

In trading on Monday, shares of the Daily Energy Bull 3X Shares ETF (ERX) entered ...

SLYV, SR, BCO, AVA: ETF Outflow Alert
Mon, Aug 21, 11:14 AM ET, by ETF Channel

Symbols mentioned in this story: SLYV, SR, BCO, AVA Exchange traded funds (ETFs) trade just ...

BRO Crosses Above Average Analyst Target
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Brown & Brown, Inc. (BRO) have crossed above the average ...

Sito Mobile Reaches Analyst Target Price
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Sito Mobile Ltd (SITO) have crossed above the average analyst ...

Ferrari Reaches Analyst Target Price
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Ferrari NV (RACE) have crossed above the average analyst 12-month ...

PFGC Crosses Above Average Analyst Target
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Performance Food Group Co (PFGC) have crossed above the average ...

The NYCB Paradox: Analysts Bearish But Forecast 10.97% Gains
Mon, Aug 21, 9:34 AM ET, by ETF Channel

Analyst ratings can sometimes be complicated, and we here at ETF Channel have noticed a ...

FOXF Crosses Above Average Analyst Target
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Fox Factory Holding Corp (FOXF) have crossed above the average ...

Canadian Solar Reaches Analyst Target Price
Mon, Aug 21, 9:34 AM ET, by ETF Channel

In recent trading, shares of Canadian Solar Inc (CSIQ) have crossed above the average analyst ...

11.2% of DWAS Holdings Seeing Recent Insider Buys
Mon, Aug 21, 9:34 AM ET, by ETF Channel

A look at the weighted underlying holdings of the PowerShares DWA SmallCap Momentum Portfolio (DWAS) ...

PWC's Holdings Imply 10% Gain Potential
Mon, Aug 21, 9:24 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

IWV's Holdings Imply 10% Gain Potential
Mon, Aug 21, 9:24 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Sum Up The Parts: SPYD Could Be Worth $38
Mon, Aug 21, 9:24 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Implied IVOG Analyst Target Price: $131
Mon, Aug 21, 9:24 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

The Math Shows MDYG Can Go To $155
Mon, Aug 21, 9:24 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Analysts See 13% Gains Ahead For PBW
Mon, Aug 21, 8:54 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Implied TUSA Analyst Target Price: $33
Mon, Aug 21, 8:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

The Math Shows JKL Can Go To $152
Mon, Aug 21, 8:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Analysts See 11% Upside For GURU
Mon, Aug 21, 8:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

VONE's Underlying Holdings Could Mean 10% Gain Potential
Mon, Aug 21, 8:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Polaris Industries a Top Ranked SAFE Dividend Stock With 2.6% Yield (PII)
Mon, Aug 21, 8:14 AM ET, by ETF Channel

Polaris Industries Inc. (PII) has been named to the Dividend Channel ''S.A.F.E. ...

KHC Named A Top Socially Responsible Dividend Stock
Mon, Aug 21, 8:14 AM ET, by ETF Channel

Kraft Heinz Co (KHC) has been named a Top Socially Responsible Dividend Stock by Dividend ...

Blackrock Achieves #98 Analyst Rank, Surpassing Williams
Fri, Aug 18, 11:54 AM ET, by ETF Channel

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

BLV: ETF Inflow Alert
Fri, Aug 18, 10:54 AM ET, by ETF Channel

Symbols mentioned in this story: BLV Exchange traded funds (ETFs) trade just like stocks, but ...

SRC Crosses Above Average Analyst Target
Fri, Aug 18, 9:54 AM ET, by ETF Channel

In recent trading, shares of Spirit Realty Capital, Inc (SRC) have crossed above the average ...

Implied SPYV Analyst Target Price: $124
Fri, Aug 18, 9:54 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Gartner Reaches Analyst Target Price
Fri, Aug 18, 9:54 AM ET, by ETF Channel

In recent trading, shares of Gartner Inc (IT) have crossed above the average analyst 12-month ...

The Math Shows RALS Can Go To $41
Fri, Aug 18, 9:54 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Charles River Laboratories International Reaches Analyst Target Price
Fri, Aug 18, 9:54 AM ET, by ETF Channel

In recent trading, shares of Charles River Laboratories International Inc. (CRL) have crossed above the ...

Add Up The Parts: PRFZ Could Be Worth $129
Fri, Aug 18, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

FEX's Underlying Holdings Could Mean 10% Gain Potential
Fri, Aug 18, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

SLYV's Underlying Holdings Imply 13% Gain Potential
Fri, Aug 18, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Sum Up The Pieces: ONEK Could Be Worth $126
Fri, Aug 18, 9:44 AM ET, by ETF Channel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

  More articles:  1 2 3 4 5 6 7 next »

ABOUT US »   ADVERTISE »   CONTACT US »   TERMS OF USE & PRIVACY POLICY »

We Did The Math EQRR Can Go To $44 | Self Directed Investor | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

SDI is associated with: ValueForum.com -- a subscription-based online social networking forum of serious individual investors. | MarketNewsVideo.com -- videos appearing on SDI are produced by Market News Video. | TickerTech.com -- stock quote content appearing on SDI is at least 20 minutes delayed and is powered by Ticker Technologies. | GoldStockStrategist.com -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.