Analysts Predict Upside for iShares Morningstar Value ETF
At ETF Channel, we have analyzed the underlying holdings of several ETFs. By comparing the trading price of each holding against the average analyst 12-month forward target price, we computed the weighted average implied analyst target price for the iShares Morningstar Value ETF (Symbol: ILCV). The results indicate that the implied analyst target price for ILCV is $94.03 per unit.
Currently, ILCV is trading at approximately $83.02 per unit. This implies a potential upside of 13.26%, according to the average analyst targets of the ETF’s underlying holdings. Notably, three of ILCV’s constituents show significant upside potential: Revvity Inc (Symbol: RVTY), Fortive Corp (Symbol: FTV), and Cheniere Energy Inc. (Symbol: LNG). RVTY, priced at $117.56 per share, has an average analyst target of $138.24, reflecting a 17.59% upside. Similarly, FTV is looking at a potential increase of 15.78% from its recent price of $76.60, with an analyst target of $88.69. Additionally, analysts anticipate LNG to reach a target price of $254.35 per share, which is 15.51% above its recent price of $220.20. Below is a twelve-month price history chart comparing the stock performance of RVTY, FTV, and LNG:
In the table below, we summarize the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Morningstar Value ETF | ILCV | $83.02 | $94.03 | 13.26% |
| Revvity Inc | RVTY | $117.56 | $138.24 | 17.59% |
| Fortive Corp | FTV | $76.60 | $88.69 | 15.78% |
| Cheniere Energy Inc. | LNG | $220.20 | $254.35 | 15.51% |
Investors may wonder if these analyst targets are justified or overly optimistic regarding the future performance of these stocks. It is essential to determine whether analysts have valid justifications for their targets or if they are behind current company developments. While high price targets relative to current stock prices can indicate future optimism, they could also lead to downgrades if they are based on outdated information. Such questions warrant further research by investors.
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also see:
• Cheap Industrials Shares
• Institutional Holders of FFA
• Institutional Holders of QLIK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
