Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks Delivering High-Dividend Yields
Author: Avi Kapoor | February 20, 2024 09:14am
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 .
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
International Paper Company (NYSE:IP)
- Dividend Yield: 5.17%
- RBC Capital analyst Scott Heleniak reiterated an Outperform rating with a price target of $43 on Feb. 2, 2024. This analyst has an accuracy rate of 64%.
- Truist Securities analyst Michael Roxland maintained a Buy rating and lowered the price target from $46 to $40 on Feb. 2, 2024. This analyst has an accuracy rate of 63%.
- Recent News: International Paper reported fourth-quarter sales of $4.601 billion, missing the analyst consensus of $4.674 billion.
Dow Inc. (NYSE:DOW)
- Dividend Yield: 5.05%
- JP Morgan analyst Jeffrey Zekauskas downgraded the stock from Overweight to Neutral with a price target of $55 on Jan. 26, 2024. This analyst has an accuracy rate of 70%.
- Wells Fargo analyst Michael Sison maintained an Overweight rating and raised the price target from $59 to $63 on Jan. 26, 2024. This analyst has an accuracy rate of 70%.
- Recent News: Dow announced completion of inaugural green bond offering.
Kaiser Aluminum Corporation (NASDAQ:KALU)
- Dividend Yield: 4.66%
- UBS analyst Curt Woodworth initiated coverage on the stock with a Buy rating and a price target of $67 on Jan. 16, 2024. This analyst has an accuracy rate of 73%.
- Benchmark analyst Josh Sullivan reiterated a Buy rating with a price target of $84 on June 15, 2023. This analyst has an accuracy rate of 77%.
- Recent News: Kaiser Aluminum is expected to release its fourth quarter and full year 2023 financial and operating results on Feb. 21, 2024.
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Posted In: DOW IP KALU
