Look Under The Hood: SPMD Has 11% Upside
- Analysis of ETFs: Comparison of trading prices against average analyst 12-month forward target prices for ETFs in coverage universe.
- Implied Analyst Target Price: Implied analyst target price for SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) is $58.14 per unit based on underlying holdings.
- Upside Potential: Analysts see 10.99% upside for SPMD ETF compared to recent price, with notable upside in holdings like PBF Energy Inc, Rexford Industrial Realty Inc, and HealthEquity Inc.
- Analyst Target Prices: Notable upside in analyst target prices for PBF, REXR, and HQY compared to recent share prices.
- Investor Considerations: Questions raised about analysts' justification for targets, optimism, and relevance to recent company and industry developments.
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Analyst Views on SPMD
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Significant Withdrawals Observed in ETF for SPMD, COHR, LITE, UTHR
SPMD Share Price Analysis: SPMD's share price is currently at $58.49, with a 52-week low of $43.99 and a high of $58.90, indicating a stable position within its trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand, affecting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), which can influence the individual components of the ETFs.
Disclaimer on Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Is the State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) Worth Considering for Your Investment Portfolio?
ETF Overview: The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), launched in 2005, is a passively managed fund with over $15 billion in assets, focusing on mid-cap blend stocks in the U.S. equity market.
Performance and Expenses: With an annual operating expense of just 0.03% and a 12-month trailing dividend yield of 1.37%, SPMD has shown a year-to-date increase of 6.83% and a slight decline of 0.72% over the past year.
Portfolio Composition: The ETF primarily invests in the Industrials sector (23.7% of the portfolio), with top holdings including Comfort Systems USA Inc, Pure Storage Inc, and Ciena Corp, while maintaining a diversified approach with about 405 holdings.
Market Position and Alternatives: SPMD holds a Zacks ETF Rank of 3 (Hold) and competes with similar ETFs like the Vanguard Mid-Cap ETF and iShares Core S&P Mid-Cap ETF, which have larger asset bases and slightly higher expense ratios.
Our Calculations Show SPMD Could Reach $68
ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $68.05, indicating a potential upside of 19.63% from its current trading price of $56.88.
Notable Holdings: Key underlying holdings with significant upside potential include KBR Inc (39.21% upside), Under Armour Inc (35.14% upside), and Regal Rexnord Corp (32.99% upside) based on their respective analyst target prices.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are justified in their optimistic projections or if they are out of touch with recent market developments.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets, as high price targets may lead to downgrades if they are based on outdated information.
Breaking Down the Components: SPMD May Have a Value of $66
SPDR Portfolio S&P 400 Mid Cap ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $66.15, indicating a potential upside of 16.95% from its current trading price of $56.56.
Notable Holdings with Upside Potential: Key underlying holdings such as Floor & Decor Holdings (FND), Terex Corp. (TEX), and Comfort Systems USA (FIX) show significant upside potential, with target prices exceeding their recent trading prices by 27.74%, 20.40%, and 18.45%, respectively.
Analyst Target Price Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with recent developments in the companies or industries.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analysts' targets and to understand the implications of high price targets relative to current stock prices.
Breaking Down the Components: SPMD on Track for $65
SPDR Portfolio S&P 400 Mid Cap ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $64.79, indicating a potential upside of 12.32% from its current trading price of $57.68.
Notable Holdings with Upside Potential: Key underlying holdings such as Lantheus Holdings (LNTH), CAVA Group (CAVA), and Jazz Pharmaceuticals (JAZZ) show significant upside potential, with target prices suggesting increases of 83.53%, 46.29%, and 45.36% respectively from their recent trading prices.
Analysis Indicates SPMD Could Reach $64
ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $63.83, indicating a potential upside of 11.32% from its current trading price of $57.34.
Notable Holdings: Key underlying holdings with significant upside potential include Goodyear Tire & Rubber Co. (32.15% upside), Paylocity Holding Corp (23.34% upside), and ExlService Holdings Inc (22.85% upside).
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and industries involved.
Investor Research Needed: Investors are encouraged to conduct further research to determine the validity of the analysts' targets and assess potential risks associated with high price targets.
Significant Withdrawals Observed in ETF for SPMD, COHR, LITE, UTHR
SPMD Share Price Analysis: SPMD's share price is currently at $58.49, with a 52-week low of $43.99 and a high of $58.90, indicating a stable position within its trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand, affecting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), which can influence the individual components of the ETFs.
Disclaimer on Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Is the State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) Worth Considering for Your Investment Portfolio?
ETF Overview: The State Street SPDR Portfolio S&P 400 Mid Cap ETF (SPMD), launched in 2005, is a passively managed fund with over $15 billion in assets, focusing on mid-cap blend stocks in the U.S. equity market.
Performance and Expenses: With an annual operating expense of just 0.03% and a 12-month trailing dividend yield of 1.37%, SPMD has shown a year-to-date increase of 6.83% and a slight decline of 0.72% over the past year.
Portfolio Composition: The ETF primarily invests in the Industrials sector (23.7% of the portfolio), with top holdings including Comfort Systems USA Inc, Pure Storage Inc, and Ciena Corp, while maintaining a diversified approach with about 405 holdings.
Market Position and Alternatives: SPMD holds a Zacks ETF Rank of 3 (Hold) and competes with similar ETFs like the Vanguard Mid-Cap ETF and iShares Core S&P Mid-Cap ETF, which have larger asset bases and slightly higher expense ratios.
Our Calculations Show SPMD Could Reach $68
ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $68.05, indicating a potential upside of 19.63% from its current trading price of $56.88.
Notable Holdings: Key underlying holdings with significant upside potential include KBR Inc (39.21% upside), Under Armour Inc (35.14% upside), and Regal Rexnord Corp (32.99% upside) based on their respective analyst target prices.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are justified in their optimistic projections or if they are out of touch with recent market developments.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets, as high price targets may lead to downgrades if they are based on outdated information.
Breaking Down the Components: SPMD May Have a Value of $66
SPDR Portfolio S&P 400 Mid Cap ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $66.15, indicating a potential upside of 16.95% from its current trading price of $56.56.
Notable Holdings with Upside Potential: Key underlying holdings such as Floor & Decor Holdings (FND), Terex Corp. (TEX), and Comfort Systems USA (FIX) show significant upside potential, with target prices exceeding their recent trading prices by 27.74%, 20.40%, and 18.45%, respectively.
Analyst Target Price Justification: The article raises questions about whether analysts' target prices are justified or overly optimistic, suggesting that high targets could lead to future downgrades if they do not align with recent developments in the companies or industries.
Investor Research Recommendation: Investors are encouraged to conduct further research to assess the validity of analysts' targets and to understand the implications of high price targets relative to current stock prices.
Breaking Down the Components: SPMD on Track for $65
SPDR Portfolio S&P 400 Mid Cap ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $64.79, indicating a potential upside of 12.32% from its current trading price of $57.68.
Notable Holdings with Upside Potential: Key underlying holdings such as Lantheus Holdings (LNTH), CAVA Group (CAVA), and Jazz Pharmaceuticals (JAZZ) show significant upside potential, with target prices suggesting increases of 83.53%, 46.29%, and 45.36% respectively from their recent trading prices.
Analysis Indicates SPMD Could Reach $64
ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $63.83, indicating a potential upside of 11.32% from its current trading price of $57.34.
Notable Holdings: Key underlying holdings with significant upside potential include Goodyear Tire & Rubber Co. (32.15% upside), Paylocity Holding Corp (23.34% upside), and ExlService Holdings Inc (22.85% upside).
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and industries involved.
Investor Research Needed: Investors are encouraged to conduct further research to determine the validity of the analysts' targets and assess potential risks associated with high price targets.
