International Flavors & Fragrances Inc. (NYSE:IFF) Receives $95.61 Consensus PT from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $95.61.

A number of equities analysts have recently commented on IFF shares. Argus downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft increased their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Wells Fargo & Company increased their target price on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased their target price on International Flavors & Fragrances from $87.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Finally, Oppenheimer assumed coverage on International Flavors & Fragrances in a research note on Friday, June 7th. They issued an “outperform” rating and a $116.00 target price for the company.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $95.21 on Thursday. The stock’s 50-day moving average is $94.05 and its 200-day moving average is $85.61. The company has a market cap of $24.31 billion, a price-to-earnings ratio of -9.75, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $99.91.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. Equities analysts anticipate that International Flavors & Fragrances will post 3.97 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in International Flavors & Fragrances by 7.8% during the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after buying an additional 344,377 shares during the last quarter. First Pacific Advisors LP lifted its holdings in shares of International Flavors & Fragrances by 2.2% in the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after purchasing an additional 87,183 shares during the last quarter. Capital International Investors lifted its holdings in shares of International Flavors & Fragrances by 1.4% in the 4th quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock worth $192,360,000 after purchasing an additional 33,548 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of International Flavors & Fragrances by 9.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after purchasing an additional 162,179 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of International Flavors & Fragrances by 3.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,455,140 shares of the specialty chemicals company’s stock worth $117,823,000 after purchasing an additional 52,584 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

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.