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Analyst ratings are a great start when searching for companies with exciting prospects, but finding groups of analysts that have a history of predicting stock performance is even better.

Using analyst ratings from Reuters that are presented on a linear scale (with 1 = "Strong Buy" and 5 = "Strong Sell"), we sliced the ratings data of high dividend yield stocks into three monthly time periods, and identified the groups of analysts that have shown predictive value over two consecutive time periods.

We further narrowed down the list by only focusing on those stocks that have seen bullish trends in recent analyst opinion.

Although past performance is no guarantee of future results, the recent accuracy of these analyst ratings suggests their opinions may be a helpful starting-off point for your own analysis.

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

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.


(Click to enlarge)

Do you think these stocks will outperform like analysts expect? Use this list as a starting point for your own analysis.

List sorted by dividend yield.

1. Aixtron SE (NASDAQ:AIXG): Engages in developing, producing, and installing deposition equipment for the semiconductor and compound-semiconductor industry. Market cap of $1.31B. Dividend yield at 6.50%, payout ratio at 39.90%. Mean average rating changed from 2.25 to 2.6 between 09/06/11 and 10/06/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -1.84%. Analysts also got it right between 10/06/11 and 11/05/11, with the mean rating changing from 2.6 to 2.8 (bearish change). Over the following month, the stock generated an alpha of -17.63% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.8 to 2.75 between 11/05/11 and 12/05/11 (i.e. bullish change). This is a risky stock that is significantly more volatile than the overall market (beta = 2.62). The stock has had a couple of great days, gaining 6% over the last week, but has performed poorly over the last month, losing 21.49%.

2. Maxim Integrated Products Inc. (NASDAQ:MXIM): Designs, develops, manufactures, and markets a range of linear and mixed-signal integrated circuits worldwide. Market cap of $7.57B. Dividend yield at 3.39%, payout ratio at 49.63%. Mean average rating changed from 2.48 to 2.36 between 09/06/11 and 10/06/11 (bullish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of 3.23%. Analysts also got it right between 10/06/11 and 11/05/11, with the mean rating changing from 2.36 to 2.44 (bearish change). Over the following month, the stock generated an alpha of -2.21% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 2.44 to 2.38 between 11/05/11 and 12/05/11 (i.e. bullish change). The stock has had a couple of great days, gaining 6.79% over the last week.

3. Procter & Gamble Co. (NYSE:PG): Provides consumer packaged goods in the United States and internationally. Market cap of $178.40B. Dividend yield at 3.24%, payout ratio at 48.59%. Mean average rating changed from 1.67 to 1.88 between 09/06/11 and 10/06/11 (bearish change). Analysts correctly predicted the direction of the stock over the next month, with the stock generating an alpha of -8.49%. Analysts also got it right between 10/06/11 and 11/05/11, with the mean rating changing from 1.88 to 1.79 (bullish change). Over the following month, the stock generated an alpha of 2.49% relative to the S&P 500 index, as predicted by the analysts. This same group of analysts now expect the stock to outperform in the future, with the mean rating changing from 1.79 to 1.75 between 11/05/11 and 12/05/11 (i.e. bullish change). The stock has gained 7.71% over the last year.

*Analyst ratings sourced from Reuters, price data sourced from Yahoo! Finance, all other data sourced from Finviz.

Source: 3 High Dividend Yield Stocks With Bullish Predictive Analysts