Fidelity Enhanced Large Cap Core ETF Shows Strong Analyst Upside Potential
At ETF Channel, we’ve analyzed the underlying holdings of various ETFs to compare their trading prices against average analyst 12-month forward target prices. For the Fidelity Enhanced Large Cap Core ETF (Symbol: FELC), the calculated implied analyst target price based on its holdings is $38.43 per unit.
Currently, FELC trades around $31.29 per unit, indicating a potential upside of 22.85% based on analyst targets for its underlying holdings. Key stocks within FELC showcasing significant upside potential include International Game Technology PLC (Symbol: IGT), EMCOR Group, Inc. (Symbol: EME), and Balchem Corp. (Symbol: BCPC). IGT, priced at $16.82 per share, has an analyst target set at $25.00, suggesting a sizeable upside of 48.63%. Meanwhile, EME shows a 29.01% upside from its recent share price of $382.52 if it reaches the target price of $493.50. For BCPC, analysts predict a target price of $207.33, reflecting a potential increase of 23.62% from its recent trading price of $167.72. Below is a chart displaying the twelve-month price performance of IGT, EME, and BCPC:
The following table summarizes the discussed analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Fidelity Enhanced Large Cap Core ETF | FELC | $31.29 | $38.43 | 22.85% |
| International Game Technology PLC | IGT | $16.82 | $25.00 | 48.63% |
| EMCOR Group, Inc. | EME | $382.52 | $493.50 | 29.01% |
| Balchem Corp. | BCPC | $167.72 | $207.33 | 23.62% |
The validity of these target prices is open to debate. Are the analysts’ projections reasonable, or are they overly optimistic about future trading levels? Investors should consider whether analysts have sound reasoning for their targets or if they lack insights into recent company and industry trends. High price targets compared to current trading values can indicate optimism but may also lead to potential downgrades if they become outdated. These considerations warrant thorough research by investors.
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Also see:
• ACET Insider Buying
• Institutional Holders of CLC
• FCVT Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
