ETF Channel is an exchange traded fund (ETF) research website, aimed at financial advisors and retail investors trying to maximize the opportunities in ETFs. The site includes a number of ground-breaking features that allow investors to dig deeper into ETFs than ever before, and is a one-stop source for aggregated data on more than 800 ETFs.
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Zoetis Moves Up In Analyst Rankings, Passing Alphabet
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Zoetis Inc has taken over the #25 spot from Alphabet Inc , according to ETF Channel. Below is a chart of Zoetis Inc versus Alphabet Inc plotting their respective rank within the S&P 500 over time (ZTS plotted in blue; GOOGL plotted in green): In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the underlying components were ranked according to those averages.
Implied XPH Analyst Target Price: $53
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 ETF , we found that the implied analyst target price for the ETF based upon its underlying holdings is $52.83 per unit.
This ETF Holds Stocks Insiders Want to Own
A look at the weighted underlying holdings of the First Trust Dow Jones Select MicroCap Index Fund (FDM) shows an impressive 12.8% of holdings on a weighted basis have experienced insider buying within the past six months. START SLIDESHOW:10 ETFs With Stocks That Insiders Are Buying » HomeStreet Inc , which makes up 0.68% of the First Trust Dow Jones Select MicroCap Index Fund (FDM), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data.
BCOR Crosses Above Average Analyst Target
In recent trading, shares of Blucora, Inc. have crossed above the average analyst 12-month target price of $17.33, changing hands for $17.75/share.
IRTC Crosses Above Average Analyst Target
In recent trading, shares of iRhythm Technologies Inc have crossed above the average analyst 12-month target price of $34.75, changing hands for $34.94/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.