StockNews.com Downgrades International Flavors & Fragrances (NYSE:IFF) to Sell

StockNews.com lowered shares of International Flavors & Fragrances (NYSE:IFFGet Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird cut their price target on International Flavors & Fragrances from $188.00 to $165.00 in a research note on Friday, February 11th. Jefferies Financial Group assumed coverage on International Flavors & Fragrances in a research note on Thursday, January 13th. They issued a buy rating and a $180.00 price target for the company. Stifel Nicolaus upgraded International Flavors & Fragrances from a hold rating to a buy rating and boosted their price target for the company from $155.00 to $160.00 in a research note on Tuesday, January 25th. Berenberg Bank cut International Flavors & Fragrances from a buy rating to a hold rating and cut their target price for the stock from $165.00 to $144.00 in a research note on Thursday, March 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on International Flavors & Fragrances from $170.00 to $165.00 in a research note on Monday, February 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of Hold and a consensus price target of $154.51.

International Flavors & Fragrances stock opened at $132.16 on Tuesday. International Flavors & Fragrances has a 12 month low of $113.40 and a 12 month high of $157.08. The stock’s 50 day moving average is $125.47 and its 200-day moving average is $135.85. The company has a current ratio of 1.86, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $33.68 billion, a price-to-earnings ratio of 60.62, a PEG ratio of 2.77 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.38. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.09 billion. International Flavors & Fragrances had a return on equity of 6.89% and a net margin of 4.48%. The firm’s revenue for the quarter was up 30.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.60 earnings per share. As a group, equities research analysts predict that International Flavors & Fragrances will post 5.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, June 23rd. International Flavors & Fragrances’s payout ratio is 144.95%.

In other news, insider De Villeplee Christoph Fauchon sold 630 shares of the stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total value of $76,658.40. Following the completion of the transaction, the insider now directly owns 8,809 shares in the company, valued at approximately $1,071,879.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in International Flavors & Fragrances by 1.5% in the first quarter. Vanguard Group Inc. now owns 30,734,865 shares of the specialty chemicals company’s stock valued at $4,036,409,000 after purchasing an additional 467,562 shares during the period. BlackRock Inc. increased its holdings in International Flavors & Fragrances by 4.0% in the first quarter. BlackRock Inc. now owns 19,967,248 shares of the specialty chemicals company’s stock valued at $2,622,298,000 after purchasing an additional 768,929 shares during the period. State Street Corp increased its holdings in International Flavors & Fragrances by 3.6% in the fourth quarter. State Street Corp now owns 11,148,782 shares of the specialty chemicals company’s stock valued at $1,688,186,000 after purchasing an additional 387,423 shares during the period. Sachem Head Capital Management LP increased its holdings in International Flavors & Fragrances by 5.2% in the fourth quarter. Sachem Head Capital Management LP now owns 6,844,689 shares of the specialty chemicals company’s stock valued at $1,031,152,000 after purchasing an additional 335,250 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in International Flavors & Fragrances by 36.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,699,795 shares of the specialty chemicals company’s stock valued at $748,555,000 after purchasing an additional 1,525,828 shares during the period. Institutional investors own 90.67% of the company’s stock.

About International Flavors & Fragrances (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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