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.
Recommended Story: What is total return in investing?
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.