International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $90.5765.
IFF has been the topic of several research reports. Rothschild & Co Redburn cut their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Barclays lifted their target price on International Flavors & Fragrances from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Benchmark started coverage on International Flavors & Fragrances in a research report on Tuesday, June 9th. They issued a “buy” rating and a $100.00 target price for the company. Oppenheimer lifted their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Citigroup decreased their target price on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th.
Get Our Latest Stock Analysis on IFF
Insider Activity at International Flavors & Fragrances
Hedge Funds Weigh In On International Flavors & Fragrances
Several institutional investors have recently made changes to their positions in IFF. Lloyd Advisory Services LLC. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $27,000. Root Financial Partners LLC grew its holdings in International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of International Flavors & Fragrances by 42.8% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares in the last quarter. 96.02% of the stock is owned by institutional investors.
International Flavors & Fragrances Trading Down 0.1%
NYSE IFF opened at $76.26 on Monday. The company’s fifty day simple moving average is $74.96 and its 200-day simple moving average is $72.94. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The stock has a market cap of $19.47 billion, a P/E ratio of 23.32, a PEG ratio of 1.77 and a beta of 0.94.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances will post 4.56 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, July 10th. Stockholders of record on Thursday, June 18th will be given a $0.40 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.
IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.
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