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.
Kronos Worldwide, Inc. KRO
- Dividend Yield: 6.74%
- Goldman Sachs analyst Duffy Fischer maintained a Sell rating and raised the price target from $8 to $9 on March 11, 2024. This analyst has an accuracy rate of 60%.
- Barclays analyst Michael Leithead maintained an Underweight rating and cut the price target from $7 to $6 on Oct. 4, 2023. This analyst has an accuracy rate of 61%.
- Recent News: On March 6, Kronos Worldwide reported better-than-expected fourth-quarter financial results.
The Chemours Company CC
- Dividend Yield: 3.68%
- UBS analyst Joshua Spector downgraded the stock from Buy to Neutral and cut the price target from $37 to $21 on March 5, 2024. This analyst has an accuracy rate of 61%.
- BMO Capital analyst John McNulty downgraded the stock from Outperform to Underperform and slashed the price target from $45 to $19 on March 1, 2024. This analyst has an accuracy rate of 66%.
- Recent News: On March 6, Chemours provided an update on its internal review. The company announced that the findings of its internal review did not affect the preliminary, unaudited estimates of operating results and other financial measures as of and for the year ended Dec. 31, 2023.
Huntsman Corporation HUN
- Dividend Yield: 3.95%
- Goldman Sachs analyst Duffy Fischer maintained a Sell rating and raised the price target from $25 to $28 on March 5, 2024. This analyst has an accuracy rate of 60%.
- Stifel analyst Vincent Anderson maintained a Buy rating and lowered the price target from $30 to $29 on Jan. 24, 2024. This analyst has an accuracy rate of 74%.
- Recent News: On Feb. 21, Huntsman posted a wider-than-expected quarterly loss.
Read More: Investor Sentiment Falls Further, S&P 500 Records Second Weekly Loss
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