During turbulent and uncertain market conditions, many investors turn to dividend-yielding stocks. These companies often generate substantial free cash flow and reward shareholders with generous dividend payouts. To help investors navigate this landscape, Benzinga provides a platform where you can explore the latest analyst takes on your favorite stocks. You can sort through our extensive database of analyst ratings, including by their accuracy, on our Analyst Stock Ratings page. Below, we highlight the ratings from some of the most accurate analysts for three high-yielding stocks in the industrials sector:
Genco Shipping & Trading Limited (GNK)
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Dividend Yield:
7.70%*
Analyst Ratings:
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Jefferies:
Omar Nokta maintained a Buy rating and increased the price target from $26 to $27 on May 9. This analyst boasts a 75% accuracy rate.*
Stifel:
Benjamin Nolan maintained a Buy rating and raised the price target from $22 to $23 on April 19. This analyst has a 70% accuracy rate.*
Recent News:
On August 7, Genco Shipping & Trading announced better-than-expected quarterly earnings. You can access the latest GNK news through Benzinga Pro’s real-time newsfeed.Allegiant Travel Company (ALGT)
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Dividend Yield:
6.56%*
Analyst Ratings:
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Barclays:
Brandon Oglenski maintained an Equal-Weight rating and lowered the price target from $55 to $45 on July 10. This analyst has a 62% accuracy rate.*
Deutsche Bank:
Michael Linenberg downgraded the stock from Buy to Hold and decreased the price target from $75 to $53 on July 8. This analyst has a 75% accuracy rate.*
Recent News:
On July 31, Allegiant Travel reported second-quarter financial results. Their third-quarter EPS guidance fell short of estimates. Benzinga Pro’s charting tool can help you identify trends in ALGT stock.Karat Packaging Inc. (KRT)
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Dividend Yield:
5.72%*
Analyst Ratings:
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Truist Securities:
Jake Bartlett downgraded the stock from Buy to Hold and reduced the price target from $34 to $28 on August 9. This analyst has a 75% accuracy rate.*
Stifel:
Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst boasts an 83% accuracy rate.*
Recent News:
On August 8, Karat Packaging reported second-quarter financial results that fell below expectations. Benzinga Pro’s signals feature alerted to a potential breakout in KRT shares.Remember that analyst ratings are just one piece of the puzzle when making investment decisions. Consider conducting your own research and seeking professional financial advice before making any investment choices.
