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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $103.50.

A number of brokerages have recently issued reports on IFF. JPMorgan Chase & Co. dropped their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Bank of America lowered their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Morgan Stanley upgraded shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. Cfra lowered shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

International Flavors & Fragrances Trading Up 0.7 %

Shares of International Flavors & Fragrances stock opened at $82.60 on Tuesday. International Flavors & Fragrances has a 52-week low of $78.64 and a 52-week high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company’s 50-day simple moving average is $83.80 and its 200-day simple moving average is $92.31. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 87.88, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, equities research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Activity at International Flavors & Fragrances

In other news, Director Kevin O’byrne acquired 6,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of $80.44 per share, with a total value of $522,860.00. Following the completion of the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $34,000. Point72 Hong Kong Ltd purchased a new position in International Flavors & Fragrances during the third quarter worth approximately $42,000. Rialto Wealth Management LLC purchased a new position in International Flavors & Fragrances during the fourth quarter worth approximately $42,000. Finally, Ashton Thomas Securities LLC purchased a new position in International Flavors & Fragrances during the third quarter worth approximately $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.