Check Out 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
The article discusses three high-yielding dividend stocks in the materials sector, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Kronos Worldwide, Inc. (KRO) has a dividend yield of 8.68% but recently reported a net loss, leading to mixed analyst ratings and price target cuts. Kaiser Aluminum Corporation (KALU) offers a 5.34% dividend yield, but faced downbeat sales in the third quarter, with analysts maintaining Neutral and Buy ratings. International Paper Company (IP) has a 5.17% dividend yield and reported third-quarter sales that missed consensus, resulting in adjusted price targets and maintained ratings.
November 30, 2023 | 12:49 pm
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NEUTRAL IMPACT
Kaiser Aluminum Corporation has a 5.34% dividend yield but reported downbeat sales for the third quarter. Analysts have maintained Neutral and Buy ratings with varying price targets.
Despite the downbeat sales, the maintained Neutral and Buy ratings from analysts indicate a mixed short-term impact, with the dividend yield potentially providing some support to the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
International Paper Company has a 5.17% dividend yield but missed third-quarter sales consensus. Analysts have adjusted price targets and maintained ratings.
The missed sales consensus for IP could lead to a negative short-term impact on the stock price, despite the dividend yield and maintained analyst ratings.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Kronos Worldwide, Inc. has a high dividend yield but reported a net loss, leading to a Sell rating from Goldman Sachs and a price target cut, while Deutsche Bank maintains a Buy rating with a reduced price target.
The net loss reported by KRO and the Sell rating from Goldman Sachs with a reduced price target suggest potential negative short-term impact on the stock price, despite the high dividend yield.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80