International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Recommendation of “Hold” by Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $87.65.

IFF has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price target for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Mizuho increased their price objective on International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a “neutral” rating in a report on Tuesday.

International Flavors & Fragrances Trading Up 6.5 %

Shares of NYSE IFF opened at $94.41 on Wednesday. The business has a fifty day simple moving average of $83.24 and a 200-day simple moving average of $79.30. The company has a market cap of $24.10 billion, a price-to-earnings ratio of -9.40, a P/E/G ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. Sell-side analysts predict that International Flavors & Fragrances will post 3.68 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a $0.40 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. International Flavors & Fragrances’s payout ratio is -15.94%.

Institutional Investors Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC lifted its position in International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Riverview Trust Co bought a new position in shares of International Flavors & Fragrances during the first quarter valued at $27,000. Quent Capital LLC lifted its holdings in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after acquiring an additional 240 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $41,000. Finally, Principal Securities Inc. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.