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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $85.0176.

A number of equities analysts have recently weighed in on IFF shares. Argus cut their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. BNP Paribas dropped their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Mizuho decreased their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 22nd. Finally, Wolfe Research upgraded shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th.

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of the business. Banque Transatlantique SA bought a new position in shares of International Flavors & Fragrances in the first quarter worth approximately $32,000. American National Bank & Trust boosted its stake in International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 479 shares in the last quarter. True Wealth Design LLC grew its holdings in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Finally, Elkhorn Partners Limited Partnership raised its position in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock opened at $67.49 on Monday. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $88.09. The business has a 50-day simple moving average of $65.54 and a 200 day simple moving average of $67.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of -41.66, a PEG ratio of 2.74 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business posted $1.04 EPS. International Flavors & Fragrances’s quarterly revenue was down 7.9% on a year-over-year basis. On average, research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.4%. International Flavors & Fragrances’s payout ratio is currently -98.77%.

About International Flavors & Fragrances

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.