Wall Street's Most Accurate Analysts Weigh In On 3 Materials Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their latest ratings on three high-yielding materials stocks: Kronos Worldwide, Huntsman Corporation, and FMC Corporation. These stocks offer dividend yields over 4% and have received mixed ratings from analysts.
July 03, 2024 | 1:25 pm
News sentiment analysis
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NEUTRAL IMPACT
FMC Corporation has received a Neutral rating from JP Morgan's Jeffrey Zekauskas with a reduced price target of $50, while Keybanc's Aleksey Yefremov maintained an Overweight rating with a price target of $81. The company will release its Q2 2024 earnings on July 31.
The mixed ratings from analysts and the upcoming earnings release create uncertainty. The dividend yield of 4.17% is a positive factor, but the reduced price target from JP Morgan is a concern.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Huntsman Corporation has received an upgrade from JP Morgan's Jeffrey Zekauskas to Overweight with a price target of $27, while Goldman Sachs' Duffy Fischer maintained a Sell rating with a price target of $28. The company recently posted weak quarterly sales.
The upgrade from JP Morgan is a positive sign, but the weak quarterly sales and the Sell rating from Goldman Sachs indicate mixed sentiment. The dividend yield of 4.42% remains attractive.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kronos Worldwide has received mixed ratings from analysts. Deutsche Bank's David Begleiter maintained a Buy rating and raised the price target to $15, while Goldman Sachs' Duffy Fischer maintained a Sell rating but increased the price target to $11. The company recently posted better-than-expected quarterly earnings.
The mixed ratings from analysts suggest uncertainty, but the recent better-than-expected earnings report is a positive indicator. The dividend yield of 6.02% is also attractive for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100