CCM Global Equity ETF Analysts Predict 10.33% Upside
Recent analysis of the CCM Global Equity ETF (Symbol: CCMG) shows a promising outlook based on its underlying holdings. The implied analyst target price for the ETF is $30.11 per unit, which signals potential gains for investors.
Current Trading Price and Potential Growth
Currently, CCMG trades around $27.29, indicating analysts’ expectations of a 10.33% upside. This optimistic forecast primarily stems from three key holdings poised for growth: the Avantis Real Estate ETF (Symbol: AVRE), Kroger Co (Symbol: KR), and Hershey Company (Symbol: HSY).
Highlights of Underlying Holdings
AVRE currently trades at $41.44 per share, yet analysts project a target price 12.44% higher, showing robust potential. Similarly, KR’s recent price is $58.90, with a projected target of $65.67, suggesting an 11.49% upside. HSY also stands out, trading at $162.22, while analysts anticipate a target of $180.18, representing an 11.07% increase.
Below is a chart depicting the price history of AVRE, KR, and HSY over the past twelve months:
Key Data Summary
The combined weight of AVRE, KR, and HSY within CCMG is 5.67%. Here’s a summary of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| CCM Global Equity ETF | CCMG | $27.29 | $30.11 | 10.33% |
| Avantis Real Estate ETF | AVRE | $41.44 | $0.00 | 12.44% |
| Kroger Co | KR | $58.90 | $65.67 | 11.49% |
| Hershey Company | HSY | $162.22 | $180.18 | 11.07% |
Analyst Insights and Considerations
Investors should consider whether the analysts’ targets are justified or overly optimistic, particularly in the context of recent developments in the industry. A high price target can indicate optimism but may lead to potential downgrades if expectations are misaligned with market realities. Investors would benefit from conducting further research in this regard.
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Also see:
• Large Caps By Top Market Capitalization
• Institutional Holders of EVHC
• Top Ten Hedge Funds Holding TI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
