Implied iShares S&P 500 Value ETF Analyst Target Price: $127

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-1126955752&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1126955752/960x0.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 iShares S&a;amp;P 500 Value ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $126.65 per unit.

With IVE trading at a recent price near $111.56 per unit, that means that analysts see 13.53% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IVE&s;s underlying holdings with notable upside to their analyst target prices are AT&a;amp;T, Advance Auto Parts and Chevron. Although T has traded at a recent price of $29.84/share, the average analyst target is 19.36% higher at $35.62/share. Similarly, AAP has 19.30% upside from the recent share price of $166.46 if the average analyst target price of $198.58/share is reached, and analysts on average are expecting CVX to reach a target price of $139.91/share, which is 17.01% above the recent price of $119.57.

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 S&a;amp;P 500 Value ETF&l;/b&g;&l;/td&g; &l;td align=&q;center&q;&g;&l;b&g;IVE&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$111.56&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;$126.65&l;/b&g;&l;/td&g; &l;td align=&q;right&q;&g;&l;b&g;13.53%&l;/b&g;&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;AT&a;amp;T Inc&l;/td&g; &l;td align=&q;center&q;&g;T&l;/td&g; &l;td align=&q;right&q;&g;$29.84&l;/td&g; &l;td align=&q;right&q;&g;$35.62&l;/td&g; &l;td align=&q;right&q;&g;19.36%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Advance Auto Parts Inc&l;/td&g; &l;td align=&q;center&q;&g;AAP&l;/td&g; &l;td align=&q;right&q;&g;$166.46&l;/td&g; &l;td align=&q;right&q;&g;$198.58&l;/td&g; &l;td align=&q;right&q;&g;19.30%&l;/td&g; &l;/tr&g;&l;tr&g;&l;td&g;Chevron Corporation&l;/td&g; &l;td align=&q;center&q;&g;CVX&l;/td&g; &l;td align=&q;right&q;&g;$119.57&l;/td&g; &l;td align=&q;right&q;&g;$139.91&l;/td&g; &l;td align=&q;right&q;&g;17.01%&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;