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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $90.8438.

IFF has been the subject of several analyst reports. BNP Paribas Exane lowered their target price on shares of International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating for the company in a report on Friday. UBS Group raised their price objective on shares of International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday. Oppenheimer upgraded International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price target on the stock in a report on Friday. Finally, Argus boosted their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 22nd.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $82.97 on Tuesday. The firm has a market capitalization of $21.25 billion, a price-to-earnings ratio of -60.56, a PEG ratio of 3.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The business has a 50 day simple moving average of $70.03 and a 200-day simple moving average of $66.68. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $86.96.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. Equities analysts forecast that International Flavors & Fragrances will post 4.32 EPS for the current year.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after acquiring an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock valued at $309,000 after purchasing an additional 539 shares during the period. Empowered Funds LLC grew its stake in International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares in the last quarter. Focus Partners Wealth increased its holdings in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in International Flavors & Fragrances by 55.7% during the 1st 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. Institutional investors own 96.02% of the company’s stock.

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.