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. Qualcomm Upgraded by Standpoint Research
Communications equipment company Qualcomm Inc. (QCOM ) saw its stock upgraded Monday, with Standpoint Research confirming a Buy rating. Their target price is currently $72.00. Finishing Monday’s session at $55.28 (down 4%), Qualcomm’s adjusted dividend yield is 3.47%, with an annual payout of $1.92 (paid quarterly). The stock is 29.61% from its 52-week high.
2. Cedar Fair L.P. Upgraded by Hilliard Lyons
Cedar Fair L.P. (FUN), an amusement park owner, was upgraded on Monday, with Hilliard Lyons lifting their rating to Buy. No price target was supplied. The company recently announced that they would be testing out virtual reality technology at a number of their parks. Finishing Monday’s session at $51.68, Cedar Fair’s adjusted dividend yield is 5.80%, with an annual payout of $3.00 (paid quarterly). The stock is 14.78% from its 52-week high.
3. Baytex Energy Corp. Upgraded by Canaccord Genuity
Baytex Energy Corp. (BTE) saw its stock upgraded on Monday, with Canaccord Genuity changing their rating to Buy. No price target was supplied. Finishing Monday’s session at $4.48 (down 0.2%), Baytex Energy Corp.’s adjusted dividend yield is 20.41%, with an annual payout of $0.91 (paid monthly). The stock is 90% from its 52-week high.
4. Avago Technologies Downgraded by Drexel Hamilton
Avago Technologies (AVGO ) was downgraded on Monday, with Drexel Hamilton confirming a Sell rating and a new price target of $95.00. Shareholders of takeover target Broadcom recently launched a class action to block the proposed $77 billion megamerger with Avago. Finishing Monday’s session at $109.94 (down 1.4%), Avago Technologies’ adjusted dividend yield is 1.46%, with an annual payout of $1.60. The stock is 26.95% from its 52-week high.
5. Camden Property Trust Downgraded by Evercore ISI
Residential REIT Camden Property Trust (CPT ) saw its stock downgraded to Hold by Evercore ISI on Monday. The new price target is $86.00. Moody’s reaffirmed their BAA1 rating last week, with a positive outlook attached to the company. Finishing Monday’s session at $72.76 (down 6.1%), Camden Property Trust’s adjusted dividend yield is 3.85%, with an annual payout of $2.80. The stock is 10.63% from its 52-week high.
6. Dawson Geophysical Company Downgraded by Raymond James
Dawson Geophysical Company (DWSN) saw its stock downgraded on Monday, with Raymond James changing their rating to Market Perform. No price target was supplied. Finishing Monday’s session at $4.17 (up 3.7%), the company’s adjusted dividend yield is 7.67%, with an annual payout of $0.32. The stock is 82.28% from its 52-week high.
