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 .
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 71%.
- Truist Securities analyst Michael Roxland maintained a Buy rating and cut the price target from $46 to $40 on Feb. 2, 2024. This analyst has an accuracy rate of 63%.
- Recent News: On Feb. 1, International Paper reported fourth-quarter sales of $4.601 billion, missing the analyst consensus of $4.674 billion.
- Dividend Yield: 3.26%
- BMO Capital analyst John McNulty maintained an Outperform rating and raised the price target from $18 to $19 on Feb. 20, 2024. This analyst has an accuracy rate of 65%.
- Deutsche Bank analyst David Begleiter maintained a Buy rating and cut the price target from $18 to $17 on May 2, 2023. This analyst has an accuracy rate of 74%.
- Recent News: On Feb. 15, Tronox Holdings posted upbeat quarterly sales.
- Dividend Yield: 3.57%
- 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 78%.
- Seaport Global analyst Mark Weintraub upgraded the stock from Neutral to Buy with a price target of $65 on March 20, 2023. This analyst has an accuracy rate of 80%.
- Recent News: On Feb. 14, Sonoco Products posted downbeat fourth-quarter earnings.
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