The Math Shows SPHQ Can Go To $33
February 06, 2018 at 09:20 AM EST
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 PowerShares S&P 500 Quality Portfolio ETF (SPHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $33.49 per unit.