Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks With Over 3% Dividend Yields

Author: Avi Kapoor | April 02, 2024 08:02am

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.

Kronos Worldwide, Inc. (NYSE:KRO)

• Dividend Yield: 6.34%
• Barclays analyst Michael Leithead maintained an Underweight rating and raised the price target from $7 to $8 on March 26, 2024. This analyst has an accuracy rate of 61%.
• Goldman Sachs analyst Duffy Fischer maintained a Sell rating and boosted the price target from $8 to $9 on March 11, 2024. This analyst has an accuracy rate of 60%.
• Recent News: On March 6, Kronos Worldwide reported better-than-expected fourth-quarter financial results.

Eastman Chemical Company (NYSE:EMN)

• Dividend Yield: 3.23%
• Citigroup analyst Patrick Cunningham maintained a Buy rating and cut the price target from $96 to $95 on Feb. 6, 2024. This analyst has an accuracy rate of 71%.
• Stifel analyst Vincent Anderson maintained a Buy rating and lowered the price target from $102 to $101 on Feb. 5, 2024. This analyst has an accuracy rate of 74%.
• Recent News: Eastman Chemical, last week, was selected by the US Department of Energy to receive up to a $375 million investment for its second US molecular recycling project.

The Scotts Miracle-Gro Company (NYSE:SMG)

• Dividend Yield: 3.68%
• Raymond James analyst Joseph Altobello downgraded the stock from Strong Buy to Market Perform on March 25, 2024. This analyst has an accuracy rate of 68%.
• Barclays analyst Gaurav Jain maintained an Equal-Weight rating and cut the price target from $70 to $60 on Sept. 5, 2023. This analyst has an accuracy rate of 64%.
• Recent News: On Feb. 7, Scotts Miracle Gro posted a narrower-than-expected quarterly loss.

 

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Posted In: EMN KRO SMG