Analysts Forecast 12% Upside For FYC

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 Small Cap Growth AlphaDEX Fund ETF ( FYC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $36.18 per unit.

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With FYC trading at a recent price near $32.36 per unit, that means that analysts see 11.79% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of FYC's underlying holdings with notable upside to their analyst target prices are Hannon Armstrong Sustainable Infrastructure Capital Inc ( HASI), Amedisys, Inc. ( AMED), and Penumbra Inc ( PEN). Although HASI has traded at a recent price of $19.81/share, the average analyst target is 28.44% higher at $25.44/share. Similarly, AMED has 24.98% upside from the recent share price of $39.55 if the average analyst target price of $49.43/share is reached, and analysts on average are expecting PEN to reach a target price of $76.50/share, which is 23.39% above the recent price of $62.00. Below is a twelve month price history chart comparing the stock performance of HASI, AMED, and PEN:

HASI, AMED, and PEN Relative Performance Chart

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

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