International Flavors & Fragrances Inc (NYSE:IFF) Receives $143.00 Consensus PT from Analysts

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International Flavors & Fragrances Inc (NYSE:IFF) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $143.00.

A number of analysts have recently issued reports on the stock. KeyCorp cut their target price on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. UBS Group lifted their price objective on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective for the company in a research note on Monday, August 5th. Finally, Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $155.00 to $133.00 in a research note on Thursday, August 8th.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 928 shares of International Flavors & Fragrances stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $144.69, for a total value of $134,272.32. Following the completion of the sale, the insider now owns 36,322 shares in the company, valued at approximately $5,255,430.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,965 shares of company stock valued at $1,124,154 in the last quarter. Corporate insiders own 0.39% of the company’s stock.

Several large investors have recently modified their holdings of IFF. Geode Capital Management LLC grew its stake in shares of International Flavors & Fragrances by 11.1% during the fourth quarter. Geode Capital Management LLC now owns 1,305,387 shares of the specialty chemicals company’s stock valued at $174,980,000 after purchasing an additional 130,842 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $407,000. Retirement Systems of Alabama grew its stake in shares of International Flavors & Fragrances by 0.5% during the first quarter. Retirement Systems of Alabama now owns 47,172 shares of the specialty chemicals company’s stock valued at $6,075,000 after purchasing an additional 246 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $201,000. Finally, Pennsylvania Trust Co lifted its holdings in International Flavors & Fragrances by 47.4% in the first quarter. Pennsylvania Trust Co now owns 3,075 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 989 shares during the period. Institutional investors own 90.49% of the company’s stock.

Shares of NYSE IFF traded down $1.30 during mid-day trading on Friday, reaching $106.50. 1,353,606 shares of the company were exchanged, compared to its average volume of 1,563,255. The company’s 50-day simple moving average is $133.73 and its 200-day simple moving average is $135.22. The company has a quick ratio of 1.59, a current ratio of 2.60 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $11.51 billion, a P/E ratio of 16.96 and a beta of 0.75. International Flavors & Fragrances has a twelve month low of $104.86 and a twelve month high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.61. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. International Flavors & Fragrances’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. As a group, equities research analysts expect that International Flavors & Fragrances will post 6.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be paid a $0.75 dividend. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Friday, September 20th. This represents a $3.00 annualized dividend and a yield of 2.82%. International Flavors & Fragrances’s payout ratio is 46.50%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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