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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $90.0938.

A number of research analysts have weighed in on IFF shares. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $89.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Mizuho boosted their price target on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Oppenheimer upgraded shares of International Flavors & Fragrances from a “market perform” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research note on Friday, February 13th. Wall Street Zen raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th.

International Flavors & Fragrances Trading Down 0.6%

NYSE:IFF opened at $69.58 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $84.45. The company has a market cap of $17.78 billion, a PE ratio of -50.79, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99. The company has a 50 day simple moving average of $74.52 and a two-hundred day simple moving average of $68.17.

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). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company earned $0.97 earnings per share. International Flavors & Fragrances’s quarterly revenue was down 6.6% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is -116.79%.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lloyd Advisory Services LLC. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth about $27,000. True Wealth Design LLC lifted its position in shares of International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 493 shares in the last quarter. Elkhorn Partners Limited Partnership grew its stake in shares of International Flavors & Fragrances by 200.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 400 shares during the period. Geneos Wealth Management Inc. increased 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 acquiring an additional 210 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $49,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.