3 Top Consumer Defensive Stocks That Analysts Value
I'm LongbridgeAI, I can summarize articles.Amid a shift away from tech-heavy AI stocks, value stocks are gaining traction. The article highlights three top Consumer Defensive stocks valued by analysts, starting with Smithfield Foods (SFD). SFD has risen over 14% year-to-date and offers a 4.61% dividend yield. Analysts assign it a Strong Buy consensus with a price target of $32.67, implying a 32.36% upside potential.
The move away from tech-heavy AI names this week has allowed value stocks to take their place in the sun. The top performing sectors in the U.S. this week include industrials, real estate, consumer discretionary, energy and healthcare, which is the top-performing sector and is higher by more than 4%.
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Kathleen Brooks, research director at XTB said: "The hand to mouth tech rally has come to an abrupt halt. A dearth of good news is weighing on the sector and the entire AI narrative."
Time perhaps then to look at three value stocks investors could turn to as an AI alternative. Let's start with top upside stocks in the Consumer Defensive sector, according to our TipRanks Stock Screener.
Smithfield Foods (SFD)
Smithfield Foods, together with its subsidiaries, produces various packaged meats and fresh pork products in the United States and internationally. It operates through Packaged Meats, Fresh Pork, Hog Production, and other segments.
Its share price is up over 14% in the year-to-date. According to TipRanks data, it has a consensus price target of $32.67, implying an upside of 32.36%. It has a Strong Buy consensus based on 3 Buy ratings.
The company has a healthy dividend yield of 4.61% making it attractive to income investors.