Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) PT at $92.33

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $91.80.

A number of equities research analysts recently weighed in on IFF shares. Oppenheimer cut International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. UBS Group dropped their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Morgan Stanley dropped their price target on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Wolfe Research raised International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. Finally, Wells Fargo & Company lowered their target price on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg bought 15,450 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the purchase, the director owned 15,450 shares of the company’s stock, valued at approximately $1,001,160. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the stock in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their position. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors have recently made changes to their positions in IFF. Royal Bank of Canada grew its stake in shares of International Flavors & Fragrances by 23.6% during the fourth quarter. Royal Bank of Canada now owns 361,073 shares of the specialty chemicals company’s stock worth $30,529,000 after purchasing an additional 68,970 shares during the period. Vise Technologies Inc. acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $225,000. Neo Ivy Capital Management acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $1,358,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of International Flavors & Fragrances during the fourth quarter worth $1,916,000. Finally, Toronto Dominion Bank grew its stake in shares of International Flavors & Fragrances by 8.3% during the fourth quarter. Toronto Dominion Bank now owns 136,779 shares of the specialty chemicals company’s stock worth $11,565,000 after purchasing an additional 10,522 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $60.74 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12. The company has a market capitalization of $15.57 billion, a PE ratio of -39.18, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. International Flavors & Fragrances has a one year low of $60.13 and a one year high of $106.77. The business has a 50 day simple moving average of $67.19 and a 200 day simple moving average of $72.89.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

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.