HomeMost PopularUnveiling EMLP's Potential to Surge to $31

Unveiling EMLP’s Potential to Surge to $31

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When evaluating the ETFs in our coverage at ETF Channel, we delved into the underlying holdings to compare their trading prices with the average analyst 12-month forward target price. As a result, we arrived at the weighted average implied analyst target price for the entire ETF. For the First Trust North American Energy Infrastructure Fund ETF (EMLP), our analysis uncovered an implied analyst target price of $30.94 per unit.

The current trading price of EMLP stands near $28.02 per unit. This suggests a potential 10.43% upside for the ETF, based on the consensus analyst targets for the underlying holdings. Noteworthy among EMLP’s holdings are EnLink Midstream LLC (ENLC), PPL Corp (PPL), and Archrock Inc (AROC), with significant potential upsides to their analyst target prices. Despite ENLC’s recent price of $12.33 per share, the average analyst target of $14.20 per share signifies a 15.17% increase. Similarly, PPL shows a 12.39% potential upside from its recent share price of $26.37 if it attains the average analyst target price of $29.64 per share. Analysts are also anticipating that AROC could reach a target price of $20.33 per share, reflecting an 11.29% increase over its recent price of $18.27. Witness the twelve-month price history chart below, comparing the stock performance of ENLC, PPL, and AROC:

ENLC, PPL, and AROC Relative Performance Chart

Refer to the summary table below for the current analyst target prices mentioned above:

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
First Trust North American Energy Infrastructure Fund ETF EMLP $28.02 $30.94 10.43%
EnLink Midstream LLC ENLC $12.33 $14.20 15.17%
PPL Corp PPL $26.37 $29.64 12.39%
Archrock Inc AROC $18.27 $20.33 11.29%

Do analysts stand on solid ground with these targets, or are they excessively bullish about the future trading prices of these stocks over the next 12 months? Are the analysts justified in their targets, or are they failing to keep pace with recent developments in the companies and industries? A lofty price target compared to a stock’s current trading price may denote optimism about the future, but it could also signal potential target price downgrades if those targets are outdated. These are the queries demanding further scrutiny from investors.

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The opinions and views expressed here belong to the author and do not necessarily represent those of Nasdaq, Inc.

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