XES's Underlying Holdings Could Mean 12% Gain Potential
October 27, 2016 at 09:50 AM EDT
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 SPDR S&P Oil & Gas Equipment & Services ETF (XES), we found that the implied analyst target price for the ETF based upon its underlying holdings is $21.12 per unit.