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 industrials sector.
Trinity Industries, Inc. (NYSE: TRN)
- Dividend Yield: 4.51%
- Stephens & Co. analyst Justin Long maintained an Equal-Weight rating and cut the price target from $27 to $26 on Nov. 3, 2023. This analyst has an accuracy rate of 65%.
- Susquehanna analyst Christopher Rolland maintained a Neutral rating and raised the price target from $22 to $29 on Aug. 2, 2023. This analyst has an accuracy rate of 74%.
- Recent News: Trinity Industries, during November, posted in-line quarterly earnings.
- Dividend Yield: 5.55%
- Barclays analyst Julian Mitchell upgraded the stock from Underweight to Equal-Weight and raised the price target from $98 to $107 on Dec. 4, 2023. This analyst has an accuracy rate of 76%.
- JP Morgan analyst Stephen Tusa maintained a Neutral rating and raised the price target from $104 to $105 on Oct. 25, 2023. This analyst has an accuracy rate of 69%.
- Recent News: 3M received a $34.2 million award to improve treatment of traumatic wounds from point-of-injury to hospital.
- Dividend Yield: 4.09%
- Daiwa Capital analyst Jairam Nathan downgraded the stock from Outperform to Neutral with a price target of $155 on Dec. 26, 2023. This analyst has an accuracy rate of 65%.
- JP Morgan analyst Brian Ossenbeck maintained a Neutral rating and lowered the price target from $165 to $156 on Dec. 21, 2023. This analyst has an accuracy rate of 73%.
- Recent News: United Parcel Service, during October, reported a third-quarter fiscal 2023 revenue decline of 12.8% year-over-year to $21.06 billion, missing the consensus of $21.45 billion.
Read More: Top 2 Financial Stocks That Are Preparing To Pump This Quarter
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.