Analysts Project Strong Upside for First Trust SMID ETF and Holdings
ETF Channel has evaluated the First Trust SMID Cap Rising Dividend Achievers ETF (Symbol: SDVY) by comparing the trading price of its holdings to the average analyst 12-month forward target price. The calculated implied analyst target price for SDVY is $39.09 per unit.
Currently, SDVY trades at approximately $34.37 per unit, indicating a potential upside of 13.73% based on analysts’ average targets for its holdings. Key underlying holdings with significant upside include OneSpaWorld Holdings Ltd (Symbol: OSW), Fulton Financial Corp. (Symbol: FULT), and National Bank Holdings Corp (Symbol: NBHC). OSW trades at $19.16, while the average target is $22.00, suggesting a 14.82% upside. Similarly, FULT, priced at $17.23, has a target of $19.75, reflecting a 14.63% potential gain. Analysts project NBHC to reach $41.60, a 14.29% increase from its current price of $36.40.
Below is a twelve-month price history chart comparing the stock performance of OSW, FULT, and NBHC:
A summary table of the current analyst target prices is as follows:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| First Trust SMID Cap Rising Dividend Achievers ETF | SDVY | $34.37 | $39.09 | 13.73% |
| OneSpaWorld Holdings Ltd | OSW | $19.16 | $22.00 | 14.82% |
| Fulton Financial Corp. | FULT | $17.23 | $19.75 | 14.63% |
| National Bank Holdings Corp | NBHC | $36.40 | $41.60 | 14.29% |
Investors may question whether analysts are too optimistic in their targets. A high target relative to a stock’s trading price could reflect future optimism but might also lead to potential downgrades if based on outdated factors. Further research is warranted for those interested.
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Additional Resources:
• KBDC Dividend History
• Top Ten Hedge Funds Holding UBFO
• Institutional Holders of QES
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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