Sum Up The Pieces: The iShares Core S&P Mid-Cap ETF Could Be Worth $207

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-1126870048&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1126870048/960x0.jpg?fit=scale&q; data-height=&q;720&q; data-width=&q;960&q;&g; Getty

Looking at the underlying holdings of the ETFs in our coverage universe at &l;a href=&q;https://www.etfchannel.com/&q; target=&q;_blank&q;&g;ETF Channel&l;/a&g;, 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.&a;nbsp; For the Shares Core S&a;amp;P Mid-Cap ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $206.84 per unit.

With IJH trading at a recent price near $186.36 per unit, that means that analysts see 10.99% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJH&s;s underlying holdings with notable upside to their analyst target prices are Cheesecake Factory, Sensient Technologies and Janus Henderson Group. Although CAKE has traded at a recent price of $45.62/share, the average analyst target is 13.48% higher at $51.77/share. Similarly, SXT has 11.66% upside from the recent share price of $62.24 if the average analyst target price of $69.50/share is reached, and analysts on average are expecting JHG to reach a target price of $25.27/share, which is 11.52% above the recent price of $22.66.

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

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&l;/p&g;&l;div class=&q;table-wrapper&q;&g;&l;table class=&q;hctblstyle&q; border=&q;0&q; cellspacing=&q;0&q; cellpadding=&q;0&q;&g;&l;tbody&g;&l;tr&g;&l;th&g;Name&l;/th&g; &l;th align=&q;center&q;&g;Symbol&l;/th&g; &l;th align=&q;right&q;&g;Recent Price&l;/th&g; &l;th align=&q;right&q;&g;Avg. Analyst 12-Mo. Target&l;/th&g; &l;th align=&q;right&q;&g;% Upside to Target&l;/th&g; &l;/tr&g;&l;tr&g;&l;td&g;&l;b&g;iShares Core S&a;amp;P Mid-Cap ETF&l;/b&g;&l;/td&g; &l;td align=&q;center&q;&g;&l;b&g;IJH&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$186.36&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$206.84&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;10.99%&l;/b&g;&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Cheesecake Factory Inc.&l;/td&g; &l;td align=&q;center&q;&g;CAKE&l;/td&g; &l;td align=&q;right&q;&g;$45.62&l;/td&g; &l;td align=&q;right&q;&g;$51.77&l;/td&g; &l;td align=&q;right&q;&g;13.48%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Sensient Technologies Corp.&l;/td&g; &l;td align=&q;center&q;&g;SXT&l;/td&g; &l;td align=&q;right&q;&g;$62.24&l;/td&g; &l;td align=&q;right&q;&g;$69.50&l;/td&g; &l;td align=&q;right&q;&g;11.66%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Janus Henderson Group plc&l;/td&g; &l;td align=&q;center&q;&g;JHG&l;/td&g; &l;td align=&q;right&q;&g;$22.66&l;/td&g; &l;td align=&q;right&q;&g;$25.27&l;/td&g; &l;td align=&q;right&q;&g;11.52%&l;/td&g; &l;/tr&g;&l;/tbody&g;&l;/table&g;&l;/div&g;

Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock&s;s trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.

&l;a href=&q;http://www.etfchannel.com/slideshows/ten-etfs-with-most-upside/&q; target=&q;_blank&q;&g;Click here to find out 10 ETFs With Most Upside To Analyst Targets &a;raquo;&l;/a&g;