During times of market volatility, many investors seek out dividend-yielding stocks. These companies often boast strong free cash flows and reward shareholders with generous dividend payouts. To stay up-to-date on analyst insights, Benzinga readers can explore our Analyst Stock Ratings page, which provides a comprehensive database of analyst ratings, including their accuracy rates.
Here’s a look at the ratings from some of the most accurate analysts for three high-yielding stocks within the information technology sector:
Xerox Holdings Corporation (XRX): Dividend Yield 9.83%
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Loop Capital analyst Ananda Baruah
maintained a Hold rating and lowered the price target from $14 to $11 on August 14. This analyst boasts a 74% accuracy rate.*
Citigroup analyst Asiya Merchant
initiated coverage with a Sell rating and a price target of $11 on June 28. This analyst has a 73% accuracy rate.Recent Xerox News:
On September 17, Xerox announced that CFO Xavier Heiss will retire on February 1, 2025. Stay informed on the latest Xerox news with Benzinga Pro’s real-time newsfeed.Methode Electronics, Inc. (MEI): Dividend Yield 4.93%
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Jefferies analyst Saree Boroditsky
initiated coverage with a Hold rating and a price target of $12 on April 9. This analyst has a 60% accuracy rate.*
Sidoti & Co. analyst John Franzreb
downgraded the stock from Buy to Neutral on March 7. This analyst has a 75% accuracy rate.Recent Methode Electronics News:
On September 12, Methode Electronics’ board appointed Mark Schwabero as the new Chairman of the Board. Benzinga Pro’s charting tool can help you identify trends in MEI stock.HP Inc. (HPQ): Dividend Yield 3.13%
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Loop Capital analyst Ananda Baruah
maintained a Hold rating and reduced the price target from $37 to $35 on September 5. This analyst has a 75% accuracy rate.*
Barclays analyst Tim Long
maintained an Equal-Weight rating and lowered the price target from $33 to $32 on August 29. This analyst has a 74% accuracy rate.Recent HP News:
On August 28, HP reported better-than-expected third-quarter financial results and increased its share repurchase authorization to $10 billion. Benzinga Pro’s signals feature can alert you to potential breakouts in HPQ shares.Remember, this information is for educational purposes and should not be construed as investment advice.
