Add Up The Pieces: XES Could Be Worth $20
August 06, 2018 at 07:47 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 $19.50 per unit.