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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $109.27.

IFF has been the topic of several recent research reports. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Barclays increased their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Stifel Nicolaus lifted their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th.

International Flavors & Fragrances Trading Up 1.1 %

Shares of International Flavors & Fragrances stock opened at $90.81 on Friday. The stock has a market cap of $23.22 billion, a PE ratio of -9.99, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The firm has a fifty day moving average price of $99.33 and a 200 day moving average price of $98.36. International Flavors & Fragrances has a 1 year low of $72.94 and a 1 year high of $106.77. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $27,000. Point72 Hong Kong Ltd acquired a new stake in International Flavors & Fragrances in the third quarter valued at $42,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth about $38,000. Oakworth Capital Inc. purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.