Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields

Author: Avi Kapoor | October 10, 2024 06:33am

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 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.

SunCoke Energy, Inc. (NYSE:SXC)

• Dividend Yield: 5.65%
• Benchmark analyst Nathan Martin reiterated a Buy rating with a price target of $12 on May 2. This analyst has an accuracy rate of 65%.
• B. Riley Securities analyst Lucas Pipes downgraded the stock from Buy to Neutral and cut the price target from $12 to $11 on Aug. 3, 2023. This analyst has an accuracy rate of 68%.
• Recent News: On July 31, SunCoke Energy posted better-than-expected quarterly earnings.
• Benzinga Pro's real-time newsfeed alerted to latest SXC news.

Dow Inc. (NYSE:DOW)

• Dividend Yield: 5.24%
• JP Morgan analyst Jeffrey Zekauskas maintained an Overweight rating and slashed the price target from $60 to $55 on Sept. 13. This analyst has an accuracy rate of 72%.
• Fermium Research analyst Frank Mitsch maintained a Hold rating and cut the price target from $60 to $54 on Sept. 12. This analyst has an accuracy rate of 70%.
• Recent News: On Sept. 12, Dow updated its third-quarter revenue and EBITDA outlook, citing an unplanned event at a Texas ethylene cracker and greater input costs and margin compression in Europe.
• Benzinga Pro's real-time newsfeed alerted to latest DOW news.

Mercer International Inc. (NASDAQ:MERC)

• Dividend Yield: 4.26%
• CIBC analyst Hamir Patel maintained a Neutral rating and lowered the price target from $10 to $8.5 on Aug. 13. This analyst has an accuracy rate of 60%.
• RBC Capital analyst Matthew McKellar maintained a Sector Perform rating and cut the price target from $10 to $8 on Aug. 12. This analyst has an accuracy rate of 71%.
• Recent News: On Sept. 25, Mercer announced downtime at its Peace River Mill.
• Benzinga Pro’s charting tool helped identify the trend in MERC stock.

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Posted In: DOW MERC SXC