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 consumer discretionary sector.
Leggett & Platt, Incorporated (NYSE: LEG)
- Dividend Yield: 9.75%
- Piper Sandler analyst Peter Keith reiterated an Underweight rating and lowered the price target from $18 to $16 on March 12, 2024. This analyst has an accuracy rate of 75%.
- Truist Securities analyst Keith Hughes maintained a Hold rating and slashed the price target from $24 to $18 on Feb. 13, 2024. This analyst has an accuracy rate of 87%.
- Recent News: On Feb. 8, Leggett & Platt reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
- Dividend Yield: 4.65%
- Piper Sandler analyst Alexander Potter initiated coverage on the stock with a Neutral rating and a price target of $13 on March 15, 2024. This analyst has an accuracy rate of 77%.
- Morgan Stanley analyst Adam Jonas maintained an Overweight rating and boosted the price target from $15 to $16 on Feb. 13, 2024. This analyst has an accuracy rate of 63%.
- Recent News: The National Highway Traffic Safety Administration (NHTSA) is reportedly probing a fatal crash involving a Ford’s Mustang Mach-E in San Antonio, Texas.
- Dividend Yield: 5.39%
- JP Morgan analyst John Ivankoe downgraded the stock from Overweight to Neutral and cut the price target from $22 to $19 on Feb. 21, 2024. This analyst has an accuracy rate of 70%.
- Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $23 to $22 on Feb. 20, 2024. This analyst has an accuracy rate of 81%.
- Recent News: On Feb. 15, Wendy’s said fourth-quarter sales rose 0.8% year-on-year to $540.7 million, missing the analyst consensus estimate of $546.5 million.
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