Peek Under The Hood: SMMV Has 10% Upside

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 iShares Edge MSCI Min Vol USA Small-Cap ETF ( SMMV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $26.08 per unit.

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With SMMV trading at a recent price near $23.74 per unit, that means that analysts see 9.85% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SMMV's underlying holdings with notable upside to their analyst target prices are Intersect ENT, Inc. ( XENT), CSW Industrials Inc ( CSWI), and Rapid7 Inc ( RPD). Although XENT has traded at a recent price of $8.35/share, the average analyst target is 172.02% higher at $22.71/share. Similarly, CSWI has 40.94% upside from the recent share price of $29.80 if the average analyst target price of $42.00/share is reached, and analysts on average are expecting RPD to reach a target price of $19.00/share, which is 39.81% above the recent price of $13.59. Below is a twelve month price history chart comparing the stock performance of XENT, CSWI, and RPD:

XENT, CSWI, and RPD Relative Performance Chart

Below is a summary table of the current analyst target prices discussed above: