International Flavors & Fragrances Inc. (NYSE:IFF) Receives $110.21 Average Target Price from Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $110.21.

Several equities research analysts recently issued reports on the stock. Citigroup dropped their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer lifted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. UBS Group increased their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $111.00 to $110.00 in a report on Tuesday, November 12th. Finally, Barclays increased their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction dated 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 of the company’s stock, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several large investors have recently made changes to their positions in IFF. Northwest Investment Counselors LLC acquired a new stake in International Flavors & Fragrances during the third quarter valued at approximately $27,000. Family Firm Inc. acquired a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at $38,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $42,000. Oakworth Capital Inc. acquired a new position in shares of International Flavors & Fragrances in the 3rd quarter worth $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the third quarter worth $46,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $85.74 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. The company has a market capitalization of $21.92 billion, a price-to-earnings ratio of -9.43, a PEG ratio of 1.55 and a beta of 1.17. The business has a 50-day moving average of $93.60 and a 200-day moving average of $97.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share 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 positive return on equity of 7.16% and a negative net margin of 20.33%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. On average, equities analysts anticipate that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) 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.