By otakuyassine3@gmail.com 
Shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) have been assigned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $110.21.
Several brokerages have recently weighed in on IFF. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, November 7th. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th.
View Our Latest Analysis on International Flavors & Fragrances
Insider Transactions at International Flavors & Fragrances
In related news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.
Institutional Investors Weigh In On International Flavors & Fragrances
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in International Flavors & Fragrances in the third quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new position in shares of International Flavors & Fragrances in the 3rd quarter valued at about $42,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth approximately $38,000. Oakworth Capital Inc. acquired a new position in International Flavors & Fragrances in the third quarter valued at approximately $44,000. Finally, Eastern Bank purchased a new position in International Flavors & Fragrances in the third quarter valued at approximately $46,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.
International Flavors & Fragrances Price Performance
Shares of NYSE IFF opened at $85.11 on Thursday. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of -9.36, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. International Flavors & Fragrances has a 52 week low of $72.94 and a 52 week high of $106.77. The firm has a 50-day simple moving average of $92.36 and a 200-day simple moving average of $96.99. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its quarterly 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). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share. On average, equities analysts predict that International Flavors & Fragrances will post 4.16 earnings per share for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The firm also recently declared 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 annualized dividend and a yield of 1.88%. International Flavors & Fragrances’s dividend payout ratio is presently -17.60%.
About International Flavors & Fragrances
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.
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