Wall Street's Most Accurate Analysts Give Their Take On 3 Materials Stocks With Over 4% Dividend Yields
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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.
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Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
Dow Inc. (NYSE:DOW)
Dividend Yield: 5.24%
JP Morgan analyst Jeffrey Zekauskas maintained an Overweight rating and cut the price target from $60 to $55 on Sept. 13. This analyst has an accuracy rate of 70%.
Fermium Research analyst Frank Mitsch maintained a Hold rating and lowered the price target from $60 to $54 on Sept. 12. This analyst has an accuracy rate of 70%.
Recent News: On Sept. 12, Dow updated its third-quarter revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe..
Benzinga Pro's real-time newsfeed alerted to latest Dow news.
The Chemours Company (NYSE:CC)
Dividend Yield: 5.12%
JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and lowered the price target from $25 to $18 on Aug. 6. This analyst has an accuracy rate of 70%.
Mizuho analyst John Roberts initiated coverage on the stock with a Neutral rating and a price target of $25 on June 7. This analyst has an accuracy rate of 79%.
Recent News: On Aug. 1, Chemours reported mixed second-quarter financial results and issued weak third-quarter net sales guidance.
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Mercer International Inc. (NASDAQ:MERC)
Dividend Yield: 4.68%
CIBC analyst Hamir Patel maintained a Neutral rating and cut the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 60%.
RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and lowered the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 72%.
Recent News: On Aug. 8, Mercer Intl posted upbeat quarterly sales.
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This article Wall Street's Most Accurate Analysts Give Their Take On 3 Materials Stocks With Over 4% Dividend Yields originally appeared on Benzinga.com