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All of the stocks mentioned below are trading at deep discounts to their average analyst target price (used as a proxy for fair value). In addition, all of these names give a high yield dividend (above 5%) and have been rallying above their 20, 50, and 200-day market average (MA).

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.

Do you think these companies will continue to rally and reach their target price? Use the list below to start your own analysis.

List sorted by potential upside.

Costamare Inc. (CMRE): Shipping Industry. Market cap of $1.03B. Dividend Yield: 5.84%. The stock is currently trading 0.42% above its 20-day MA, 0.08% above its 50-day MA, and 14.13% above its 200-day MA. Target price at $22.67 vs. current price at $17.12 (implies a potential upside of 32.42%).

Banco Santander, S.A. (STD): Foreign Money Center Banks Industry. Market cap of $99.34B. Dividend Yield: 7.14%. The stock is currently trading 2.76% above its 20-day MA, 0.89% above its 50-day MA, and 2.47% above its 200-day MA. Target price at $15.34 vs. current price at $11.77 (implies a potential upside of 30.33%). The stock has gained 39.29% over the last year.

Telecom Corp. of New Zealand Ltd. (NZT): Telecom Services Industry. Market cap of $3.66B. Dividend Yield: 6.78%. The stock is currently trading 3.86% above its 20-day MA, 13.3% above its 50-day MA, and 21.13% above its 200-day MA. Target price at $12.25 vs. current price at $9.53 (implies a potential upside of 28.54%). The stock has had a good month, gaining 13.59%.

R.R. Donnelley & Sons Company (RRD): Business Services Industry. Market cap of $4.28B. Dividend Yield: 5.04%. The stock is currently trading 0.74% above its 20-day MA, 5.89% above its 50-day MA, and 17.25% above its 200-day MA. Target price at $26.25 vs. current price at $20.63 (implies a potential upside of 27.24%). The stock is a short squeeze candidate, with a short float at 13.49% (equivalent to 13.33 days of average volume). The stock has gained 23.16% over the last year.

Portugal Telecom SGPS SA (PT): Wireless Communications Industry. Market cap of $9.92B. Dividend Yield: 8.44%. The stock is currently trading 4.46% above its 20-day MA, 7.05% above its 50-day MA, and 4.8% above its 200-day MA. Target price at $13.58 vs. current price at $11.06 (implies a potential upside of 22.78%). The stock has gained 29.21% over the last year.

YPF S.A. (YPF): Oil & Gas Refining & Marketing Industry. Market cap of $17.47B. Dividend Yield: 7.16%. The stock is currently trading 1.03% above its 20-day MA, 3.19% above its 50-day MA, and 4.5% above its 200-day MA. Target price at $52.9 vs. current price at $44.42 (implies a potential upside of 19.09%). The stock has gained 34.44% over the last year.

Huaneng Power International Inc. (HNP): Electric Utilities Industry. Market cap of $6.98B. Dividend Yield: 5.27%. The stock is currently trading 0.38% above its 20-day MA, 2.63% above its 50-day MA, and 5.54% above its 200-day MA. Target price at $27.54 vs. current price at $23.15 (implies a potential upside of 18.96%). The stock has gained 17.22% over the last year.

Eagle Rock Energy Partners, L.P. (EROC): Oil & Gas Refining & Marketing Industry. Market cap of $1.02B. Dividend Yield: 5.27%. The stock is currently trading 1.07% above its 20-day MA, 2.32% above its 50-day MA, and 32.59% above its 200-day MA. Target price at $13.5 vs. current price at $11.38 (implies a potential upside of 18.63%). The stock has gained 142.64% over the last year.

MV Oil Trust (MVO): Oil & Gas Drilling & Exploration Industry. Market cap of $460.39M. Dividend Yield: 7.67%. The stock is currently trading 3.08% above its 20-day MA, 1.47% above its 50-day MA, and 16.7% above its 200-day MA. Target price at $45.5 vs. current price at $40.03 (implies a potential upside of 13.66%). The stock has gained 69.56% over the last year.

Rhino Resource Partners LP (RNO): Nonmetallic Mineral Mining Industry. Market cap of $612.06M. Dividend Yield: 7.37%. The stock is currently trading 0.83% above its 20-day MA, 0.35% above its 50-day MA, and 4.05% above its 200-day MA. Target price at $28 vs. current price at $24.68 (implies a potential upside of 13.45%).

PennantPark Investment Corporation (PNNT): Asset Management Industry. Market cap of $551.52M. Dividend Yield: 8.93%. The stock is currently trading 0.01% above its 20-day MA, 1.17% above its 50-day MA, and 6.13% above its 200-day MA. Target price at $13.56 vs. current price at $12.1 (implies a potential upside of 12.07%).

Buckeye Partners LP (BPL): Oil & Gas Pipelines Industry. Market cap of $5.84B. Dividend Yield: 6.36%. The stock is currently trading 0.78% above its 20-day MA, 0.79% above its 50-day MA, and 0.36% above its 200-day MA. Target price at $70.5 vs. current price at $62.92 (implies a potential upside of 12.05%). The stock has gained 14.36% over the last year.

Genesis Energy LP (GEL): Oil & Gas Pipelines Industry. Market cap of $1.78B. Dividend Yield: 5.93%. The stock is currently trading 2.58% above its 20-day MA, 0.54% above its 50-day MA, and 9.18% above its 200-day MA. Target price at $30 vs. current price at $27.49 (implies a potential upside of 9.13%). The stock has gained 61.42% over the last year.

Energy Transfer Equity, L.P. (ETE): Oil & Gas Pipelines Industry. Market cap of $9.63B. Dividend Yield: 5.19%. The stock is currently trading 4.57% above its 20-day MA, 0.37% above its 50-day MA, and 11.17% above its 200-day MA. Target price at $47 vs. current price at $43.2 (implies a potential upside of 8.8%). The stock has gained 49.64% over the last year.

W. P. Carey & Co. LLC (WPC): Property Management Industry. Market cap of $1.46B. Dividend Yield: 5.54%. The stock is currently trading 1.39% above its 20-day MA, 2.53% above its 50-day MA, and 17.32% above its 200-day MA. Target price at $40 vs. current price at $36.96 (implies a potential upside of 8.23%). The stock has gained 44.94% over the last year.

*Dividend growth rates sourced from Reuters, all other data sourced from Finviz.

Source: 15 Rallying High Yield Stocks With Significant Discount to Target Price