Analysts Slash Price Targets On 3 Dividend Stocks - You May Want To Consider These Alternatives Instead

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In recent analyst actions, price targets for three dividend-paying stocks—FMC Corporation (NYSE:FMC), The Buckle, Inc. (NYSE:BKE), and Texas Instruments Incorporated (NASDAQ:TXN)—have been lowered, indicating potential headwinds for these companies.

FMC Corporation

FMC Corporation, an agricultural sciences company, has seen its stock price rise nearly 15% over the past month. However, JP Morgan recently maintained a “Neutral” rating on the stock while lowering its price target from $53.00 to $50.00, suggesting a potential downside of 22.56% from the current price of $64.57.

Despite the lowered price target, FMC Corporation offers an attractive forward dividend yield of 3.63%, with an annual payout of $2.32 and a payout ratio of 97.89%. The company has a five-year dividend growth rate (CAGR) of 17.57% and has consistently grown its dividends for six years.

The Buckle, Inc.

The Buckle, Inc., a retailer of casual apparel, footwear, and accessories, has experienced a modest 3% price increase over the past month. However, UBS maintained a “Sell” rating on the stock and lowered its price target from $34.00 to $32.00, indicating a potential downside of 13.75% from the current price of $37.10.

The Buckle, Inc. offers a forward dividend yield of 3.73%, with an annual payout of $1.40 and a payout ratio of 31.75%. The company has a five-year dividend growth rate (CAGR) of 6.96%.

Texas Instruments Incorporated

Texas Instruments Incorporated, a semiconductor company, has recently faced analyst downgrades. Jefferies downgraded the stock from “Buy” to “Hold” and lowered its price target from $200.00 to $175.00, suggesting a potential downside of 10.50% from the current price of $195.53. Additionally, Wells Fargo initiated coverage on the stock with an “Underweight” rating and a price target of $150.00, indicating a potential downside of 23.29%.

Texas Instruments Incorporated offers a forward dividend yield of 2.66%, with an annual payout of $5.20 and a payout ratio of 79.37%. The company has an impressive five-year dividend growth rate (CAGR) of 11.90% and has consistently grown its dividends for 18 years.

While these three companies offer attractive dividend yields and growth histories, the recent analyst downgrades and lowered price targets suggest potential challenges ahead. Investors should carefully consider these factors and their individual investment goals before making any decisions.

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Always conduct thorough research and consult with a financial advisor to determine if any particular investments align with your strategy and risk tolerance.

This article is for informational purposes only. Benzinga does not provide financial advice.

Check out:3 Reliable High-Yield ETFs To Put Your Income Investments On Autopilot

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