International Flavors & Fragrances Inc (NYSE:IFF) has received an average rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $147.57.

IFF has been the topic of a number of research reports. Seaport Global Securities initiated coverage on International Flavors & Fragrances in a report on Thursday, February 21st. They issued a “neutral” rating on the stock. Goldman Sachs Group upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $151.00 in a report on Thursday, March 21st. KeyCorp dropped their target price on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating on the stock in a report on Monday, February 25th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Finally, Citigroup dropped their target price on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, February 21st.

NYSE IFF opened at $136.13 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.65 and a current ratio of 2.56. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 21.68 and a beta of 0.77. International Flavors & Fragrances has a 1 year low of $121.85 and a 1 year high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.79 EPS. On average, sell-side analysts expect that International Flavors & Fragrances will post 6.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 24th will be issued a $0.73 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio is 46.50%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 29,642 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were bought at an average price of $128.74 per share, for a total transaction of $3,816,111.08. Following the acquisition, the insider now directly owns 20,300,000 shares of the company’s stock, valued at $2,613,422,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 165,588 shares of company stock worth $21,637,048 in the last quarter. 0.39% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. JOYN Advisors Inc. grew its stake in shares of International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $27,000. Fort L.P. grew its stake in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 179 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $37,000. 83.49% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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