During times of market volatility, dividend-yielding stocks often attract investors seeking stability and income. These companies typically boast strong free cash flow and reward shareholders with generous dividends.
To help investors navigate this landscape, here’s a look at the latest analyst opinions on three high-yielding stocks in the industrials sector:
Genco Shipping & Trading Limited (GNK)
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Dividend Yield:
7.92%*
Analyst Ratings:
* Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9, citing a 76% accuracy rate.
* BTIG analyst Gregory Lewis downgraded the stock from Buy to Neutral on Jan. 5, citing a 73% accuracy rate.
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Recent News:
Genco Shipping & Trading posted better-than-expected quarterly earnings on Aug. 7.
Copa Holdings, S.A. (CPA)
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Dividend Yield:
7.06%*
Analyst Ratings:
* Deutsche Bank analyst Michael Linenberg maintained a Buy rating and cut the price target from $145 to $130 on Aug. 8, citing a 75% accuracy rate.
* Raymond James analyst Savanthi Syth maintained a Strong Buy rating and boosted the price target from $165 to $168 on May 17, citing a 63% accuracy rate.
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Recent News:
Copa Holdings announced upbeat quarterly earnings on Aug. 7.
Deluxe Corporation (DLX)
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Dividend Yield:
5.88%*
Analyst Ratings:
* TD Cowen analyst Lance Vitanza maintained a Buy rating and raised the price target from $33 to $35 on May 14, citing a 74% accuracy rate.
* Northcoast Research analyst Kartik Mehta initiated coverage on the stock with a Buy rating and a price target of $27 on April 19, citing a 62% accuracy rate.
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Recent News:
Deluxe reported mixed second-quarter financial results on July 31, including a lowered FY24 revenue guidance.This information provides a snapshot of current analyst sentiment on these high-yielding industrials stocks. Investors should conduct thorough research and consider their own investment objectives before making any decisions.
