Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. Agnico-Eagle Mines Upgraded by HSBC
Gold miner Agnico-Eagle Mines (AEM ) saw its stock upgraded to Buy during yesterday’s session, with HSBC reiterating a target price of $30.90. In April, the company announced that they would be acquiring Soltoro Ltd., a Mexican silver explorer, with 22.99 million ounces of estimated resource value. Finishing Wednesday’s session at $23.27 (down 0.3%), Agnico Eagle’s adjusted dividend yield is 1.38%, with an annual payout of $0.32 (paid quarterly). The stock is 45.13% from its 52-week high.
2. Owens Corning Upgraded by FBR Capital
Owens Corning (OC ), a building materials supplier, was upgraded by FBR Capital, who lifted their rating to Outperform and added a new target price of $53. Reporting better-than-expected adjusted earnings of $93 million for the quarter, the company was confident that the U.S. housing market would continue to improve in 2015. Finishing Wednesday’s session at $45.62 (up 5.7%), Owens Corning’s adjusted dividend yield is 1.49%, with an annual payout of $0.68 (paid quarterly). The stock is 0.18% from its 52-week high.
3. Pinnacle Financial Partners Downgraded by Keefe Bruyette & Woods
Bank holding company Pinnacle Financial Partners (PNFP ) saw its stock downgraded pre-market on Thursday, with Keefe Bruyette & Woods shifting their rating to Market Perform and adding a $54 price target. Earlier in the week, the company announced better-than-expected earnings for the quarter, with an EPS of $0.64. Finishing Wednesday’s session at $54.62 (down 0.5%), Pinnacle’s adjusted dividend yield is 0.88%, with an annual payout of $0.48 (paid quarterly). The stock is 2.46% from its 52-week high.
4. Apple Downgraded by Cowen & Company
Apple (AAPL ) was downgraded by Cowen & Company on Wednesday, with the broker confirming a Market Perform rating and a new price target of $130. Announcing earnings of $10.7 billion, or $1.85 per share, the company highlighted a 59% increase in iPhone sales and gross margins of 39.7%. Finishing Wednesday’s session at $125.22 (down 4.2%), Apple’s adjusted dividend yield is 1.66%, with an annual payout of $2.08. The stock is 6.93% from its 52-week high.
5. TrustCo Bank Downgraded by Credit Suisse
Regional bank TrustCo (TRST ) saw its stock downgraded to Underperform by Keefe Bruyette & Woods on Thursday, with a new price target of $6. Finishing Wednesday’s session at $6.81 (down 3.0%), TrustCo’s adjusted dividend yield is 3.82%, with an annual payout of $0.26. The stock is 9.20% from its 52-week high.
