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Implied FEX Analyst Target Price: $96

By Metals Channel Staff, Wednesday, September 22, 8:03 AM ET

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the First Trust Large Cap Core AlphaDEX Fund ETF (NASDAQ:FEX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $96.22 per unit.

With FEX trading at a recent price near $86.37 per unit, that means that analysts see 11.41% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FEX's underlying holdings with notable upside to their analyst target prices are TransUnion (NYSE:TRU), Palo Alto Networks, Inc (NYSE:PANW), and Carrier Global Corp (NYSE:CARR). Although TRU has traded at a recent price of $114.38/share, the average analyst target is 16.19% higher at $132.90/share. Similarly, PANW has 13.86% upside from the recent share price of $473.03 if the average analyst target price of $538.60/share is reached, and analysts on average are expecting CARR to reach a target price of $58.69/share, which is 13.55% above the recent price of $51.69. Below is a twelve month price history chart comparing the stock performance of TRU, PANW, and CARR:

TRU, PANW, and CARR Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above:

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
First Trust Large Cap Core AlphaDEX Fund ETF FEX $86.37 $96.22 11.41%
TransUnion TRU $114.38 $132.90 16.19%
Palo Alto Networks, Inc PANW $473.03 $538.60 13.86%
Carrier Global Corp CARR $51.69 $58.69 13.55%

Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.

The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
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This Article's Word Cloud:   AlphaDEX   Alto   Analyst   Below   CARR   Carrier   Core   Corp   ETFs   FREEGet   First   Fund   Global   Large   NYSE   Networks   PANW   Palo   Target   TransUnion   Trust   Upside   With   Zacks   about   above   analyst   analysts   average   background   based   border   bottom   color   data   hctblstyle   holdings   latest   mdash   price   recent   report   research   share   target   targets   that   trading   underlying   upside

Implied FEX Analyst Target Price: $96 | www.MetalsChannel.com

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