How The Pieces Add Up: ONEK Targets $112

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 SPDR Russell 1000 ETF ( ONEK), we found that the implied analyst target price for the ETF based upon its underlying holdings is $111.81 per unit.

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With ONEK trading at a recent price near $101.19 per unit, that means that analysts see 10.50% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of ONEK's underlying holdings with notable upside to their analyst target prices are Premier Inc ( PINC), Yum China Holdings Inc ( YUMC), and Healthcare Trust Of America Inc ( HTA). Although PINC has traded at a recent price of $29.36/share, the average analyst target is 27.04% higher at $37.30/share. Similarly, YUMC has 23.08% upside from the recent share price of $26.00 if the average analyst target price of $32.00/share is reached, and analysts on average are expecting HTA to reach a target price of $34.28/share, which is 21.11% above the recent price of $28.31. Below is a twelve month price history chart comparing the stock performance of PINC, YUMC, and HTA:

PINC, YUMC, and HTA Relative Performance Chart

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