Analysts See 11% Upside For The Holdings of NOBL
Nasdaq 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 ProShares S&P 500 Dividend Aristocrats ETF (Symbol: NOBL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $102.82 per unit.
With NOBL trading at a recent price near $92.97 per unit, that means that analysts see 10.58% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of NOBL's underlying holdings with notable upside to their analyst target prices are Sherwin-Williams Co (Symbol: SHW), Becton, Dickinson & Co (Symbol: BDX), and S&P Global Inc (Symbol: SPGI). Although SHW has traded at a recent price of $271.45/share, the average analyst target is 12.03% higher at $304.11/share. Similarly, BDX has 11.96% upside from the recent share price of $266.76 if the average analyst target price of $298.67/share is reached, and analysts on average are expecting SPGI to reach a target price of $435.73/share, which is 11.52% above the recent price of $390.71. Below is a twelve month price history chart comparing the stock performance of SHW, BDX, and SPGI: