Benzinga - by Avi Kapoor, Benzinga Staff Writer.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
The Chemours Company (NYSE: CC)
- Dividend Yield: 3.47%
- JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and cut the price target from $38 to $26 on Nov. 7, 2023. This analyst has an accuracy rate of 72%.
- BMO Capital analyst John McNulty maintained an Outperform rating and cut the price target from $45 to $39 on Oct. 30, 2023. This analyst has an accuracy rate of 66%.
- Recent News: Chemours, during October, reported weaker-than-expected quarterly results.
- Dividend Yield: 3.64%
- Argus Research analyst David Coleman downgraded the stock from Buy to Hold on Aug. 3, 2023. This analyst has an accuracy rate of 63%.
- Citigroup analyst Anthony Pettinari maintained a Buy rating and cut the price target from $70 to $68 on July 11, 2023. This analyst has an accuracy rate of 79%.
- Recent News: Sonoco recently said it will increase the price for all converted paperboard products by a minimum of 6%, effective with shipments in the United States and Canada, on or after Feb. 1, 2024.
- Dividend Yield: 5.01%
- Jefferies analyst Philip Ng maintained a Hold rating and cut the price target from $33 to $32 on Oct. 18, 2023. This analyst has an accuracy rate of 71%.
- Citigroup analyst Anthony Pettinari maintained a Neutral rating and raised the price target from $30 to $38 on July 31, 2023. This analyst has an accuracy rate of 79%.
- Recent News: International Paper said it will release fourth-quarter earnings on Feb. 1, 2024, before the opening bell.
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