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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $109.23.

A number of brokerages have commented on IFF. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. 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. UBS Group raised their price target 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. Finally, Barclays lowered their price objective on International Flavors & Fragrances from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Friday.

International Flavors & Fragrances Stock Up 0.5 %

Shares of NYSE IFF opened at $84.87 on Monday. The stock’s fifty day moving average is $86.80 and its 200 day moving average is $95.53. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The stock has a market capitalization of $21.70 billion, a P/E ratio of -9.34, a PEG ratio of 1.35 and a beta of 1.18.

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

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, December 20th. International Flavors & Fragrances’s payout ratio is presently -17.60%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Pictet North America Advisors SA grew its stake in International Flavors & Fragrances by 3.1% during the 3rd quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after buying an additional 99 shares during the last quarter. Integrated Advisors Network LLC grew its stake in shares of International Flavors & Fragrances by 1.9% during the third quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after acquiring an additional 107 shares during the last quarter. CWM LLC raised its position in shares of International Flavors & Fragrances by 1.7% in the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after purchasing an additional 109 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in International Flavors & Fragrances by 5.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 117 shares in the last quarter. Finally, UMB Bank n.a. grew its position in International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors 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.