The Math Shows FXR Can Go To $45
May 10, 2019 at 08:13 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 First Trust Industrials/Producer Durables AlphaDEX Fund ETF (FXR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.29 per unit.