News Formal

These companies could be poised to start paying dividends, Morgan Stanley says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Nutanix Inc Nyheter

Instacart (Maplebear Inc),Airbnb Inc,United Therapeutics Corp

Companies that announce the start of a dividend payment tend to outperform in the months that follow, the Wall Street firm found.

The Federal Reserve's move to start cutting interest rates bodes well for dividend-paying stocks, and Morgan Stanley thinks several companies are poised to join their ranks. Central bank policymakers last week cut interest rates by a half point, lowering the benchmark federal funds rate to a range of 4.75% to 5.00%. The Fed's shift in policy will result in lower yields for Treasurys and other bonds, which can make dividend-paying stocks even more attractive for income-seeking investors.

The company has a current free cash flow yield of 4.1%, the investment bank found. Wall Street also recommends the stocks, with 82% of the analysts covering Nutanix rating it a buy or strong buy, according to LSEG. Consensus price targets suggest nearly 20% upside from current levels. Piper Sandler analyst James Fish rates Nutanix overweight. His price target of $77 implies nearly 27% upside from Tuesday's close.

 

Takk for kommentaren din. Kommentaren din vil bli publisert etter gjennomgang.
Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

 /  🏆 12. in NO

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Morgan Stanley recommends these stocks to play the data center interconnect themeMorgan Stanley recommends these stocks to play the data center interconnect theme
Kilde: Investingcom - 🏆 450. / 53 Les mer »

Morgan Stanley analysts give their favorite stocks to own for the next 12 monthsThese are Morgan Stanley's top stocks to own for the next year.
Kilde: CNBC - 🏆 12. / 72 Les mer »