In tumultuous market climes, investors often seek solace in dividend-yielding stocks. These companies, like sturdy oaks in a storm, boast robust free cash flows and generously reward shareholders with bountiful dividend payouts.
Investors can peruse the latest insights of Wall Street’s keenest minds on their preferred stocks through our Analyst Stock Ratings page. By sifting through Benzinga’s vast repository of analyst testimonials, you can pinpoint the most accurate voices in the tumultuous sea of financial advice.
Highlighted below are the ratings from Wall Street’s most reliable analysts for three high-dividend stocks within the information technology sector.
Xerox Holdings Corporation XRX
- Dividend Yield: 5.59%
- JP Morgan analyst Samik Chatterjee maintained an Underweight rating while increasing the price target from $16 to $18 on Jan. 26, 2024. With a commendable accuracy rate of 68%, this analyst’s insights carry weight.
- Credit Suisse analyst Shannon Cross held onto an Underperform rating and adjusted the price target from $9 to $11 on July 26, 2023. With an impressive accuracy rate of 79%, this analyst’s predictions are worth noting.
- Recent Developments: Xerox made waves on March 25 by fully exercising the over-allotment option for its 3.75% convertible senior notes due 2029 and successfully completing a series of financing maneuvers.
Methode Electronics, Inc. MEI
- Dividend Yield: 4.60%
- Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024, showing his predictive prowess with an accuracy rate of 74%.
- Barrington Research analyst Christopher Howe stood by a Market Perform rating on May 25, 2023. Despite a slightly lower accuracy rate of 60%, this analyst’s insights remain valuable.
- Recent News: Methode Electronics sent shockwaves through the market on March 7 by revealing underwhelming third-quarter financial results and suspending guidance.
HP Inc. HPQ
- Dividend Yield: 3.64%
- Barclays analyst Tim Long retained an Underweight rating but raised the price target from $22 to $24 on Feb. 29, 2024. With a solid accuracy rate of 72%, this analyst’s insights are worth considering.
- HSBC analyst Stephen Bersey upgraded the stock from Hold to Buy while increasing the price target from $30 to $33 on Feb. 14, 2024. With an accuracy rate of 64%, this analyst’s bullish stance is noteworthy.
- Recent Developments: HP sent ripples through the market on Feb. 28 by announcing disappointing first-quarter sales results.
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