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. From this, we computed the weighted average implied analyst target price for the ETF itself.
For the SPDR S&P Dividend ETF (Symbol: SDY), we found that the implied analyst target price based on its underlying holdings is $147.07 per unit. With SDY trading at a recent price near $134.29 per unit, this suggests that analysts see 9.51% upside for this ETF by looking through to the average analyst targets of its underlying holdings.
Three of SDY’s underlying holdings with notable upside to their analyst target prices are Brady Corp (Symbol: BRC), Chesapeake Utilities Corp. (Symbol: CPK), and Republic Services Inc (Symbol: RSG).
– Brady Corp (BRC) has traded at a recent price of $75.01 per share, while the average analyst target is 17.32% higher at $88.00 per share.
– Chesapeake Utilities Corp. (CPK) shows an 11.23% upside from its recent share price of $119.03 if the average analyst target price of $132.40 per share is reached.
– Analysts expect Republic Services Inc (RSG) to reach a target price of $261.53 per share, which is 9.89% above the recent price of $237.99.
Below is a summary table of the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|————————–|——–|————–|—————————-|——————–|
| SPDR S&P Dividend ETF | SDY | $134.29 | $147.07 | 9.51% |
| Brady Corp | BRC | $75.01 | $88.00 | 17.32% |
| Chesapeake Utilities Corp| CPK | $119.03 | $132.40 | 11.23% |
| Republic Services Inc | RSG | $237.99 | $261.53 | 9.89% |
Are analysts justified in these targets, or are they overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid rationale for their targets, or are they behind the curve on recent company and industry developments?
A high price target relative to a stock’s current trading price can reflect optimism about the future, but it can also be a precursor to target price downgrades if these targets are based on outdated information.
These are important questions that require further investor research.
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**Related Resources:**
– [10 ETFs With Most Upside To Analyst Targets](#)
– Also see:
– ETFs Holding BRG
– Institutional Holders of WBMD
– CVO Split History
*The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.*
https://www.nasdaq.com/articles/sdys-holdings-imply-10-gain-potential
