International Flavors & Fragrances Inc. (NYSE:IFF) Given Average Rating of “Moderate Buy” by Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $110.21.

Several brokerages have weighed in on IFF. Stifel Nicolaus lifted their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays upped their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. UBS Group raised their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Citigroup lowered their price objective on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently modified their holdings of IFF. Sumitomo Mitsui Trust Group Inc. boosted its stake in International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after acquiring an additional 7,553 shares in the last quarter. Kimelman & Baird LLC purchased a new position in International Flavors & Fragrances during the 2nd quarter worth $868,000. GM Advisory Group LLC bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $686,000. Appian Way Asset Management LP bought a new position in shares of International Flavors & Fragrances during the second quarter valued at about $2,990,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in International Flavors & Fragrances during the third quarter worth about $1,740,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $84.79 on Thursday. The business’s 50 day moving average is $93.60 and its 200-day moving average is $97.26. The firm has a market cap of $21.68 billion, a P/E ratio of -9.33, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. 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 announced its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.

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.