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 Invesco S&P Spin-Off ETF (Symbol: CSD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $56.39 per unit.With CSD trading at a recent price near $51.49 per unit, that means that analysts see 9.53% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of CSD's underlying holdings with notable upside to their analyst target prices are Madison Square Garden Co (Symbol: MSG), TopBuild Corp (Symbol: BLD), and Lamb Weston Holdings Inc (Symbol: LW). Although MSG has traded at a recent price of $298.70/share, the average analyst target is 18.10% higher at $352.75/share. Similarly, BLD has 14.28% upside from the recent share price of $64.95 if the average analyst target price of $74.22/share is reached, and analysts on average are expecting LW to reach a target price of $83.00/share, which is 13.56% above the recent price of $73.09. Below is a twelve month price history chart comparing the stock performance of MSG, BLD, and LW: Combined, MSG, BLD, and LW represent 9.79% of the Invesco S&P Spin-Off ETF. Below is a summary table of the current analyst target prices discussed above:
|Name||Symbol||Recent Price||Avg. Analyst 12-Mo. Target||% Upside to Target|
|Invesco S&P Spin-Off ETF||CSD||$51.49||$56.39||9.53%|
|Madison Square Garden Co||MSG||$298.70||$352.75||18.10%|
|Lamb Weston Holdings Inc||LW||$73.09||$83.00||13.56%|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.