International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average recommendation of “Moderate Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $110.21.

IFF has been the subject of a number of research reports. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, November 7th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Friday, November 8th. UBS Group boosted their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Oppenheimer increased their target price on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Barclays boosted their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a report on Friday, October 11th.

International Flavors & Fragrances Price Performance

IFF stock opened at $85.36 on Thursday. International Flavors & Fragrances has a one year low of $72.94 and a one year high of $106.77. The firm has a 50-day moving average of $94.28 and a two-hundred day moving average of $97.41. The firm has a market capitalization of $21.83 billion, a PE ratio of -9.39, a P/E/G ratio of 1.55 and a beta of 1.17. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company posted $0.89 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a yield of 1.87%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Insiders Place Their Bets

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares of the company’s stock, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IFF. Northwest Investment Counselors LLC acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at about $27,000. Family Firm Inc. bought a new position in International Flavors & Fragrances during the second quarter valued at about $38,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances in the 3rd quarter valued at approximately $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $46,000. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.