Shares of International Flavors & Fragrances Inc (NYSE:IFF) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $145.14.
A number of equities research analysts have issued reports on IFF shares. Seaport Global Securities started coverage on shares of International Flavors & Fragrances in a research report on Thursday, February 21st. They issued a “neutral” rating for the company. KeyCorp cut their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, February 25th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research report on Monday, February 18th. Citigroup cut their price target on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, February 21st. Finally, Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and raised their price target for the company from $137.00 to $151.00 in a report on Thursday.
In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 29,642 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were acquired at an average price of $128.74 per share, for a total transaction of $3,816,111.08. Following the acquisition, the insider now owns 20,300,000 shares of the company’s stock, valued at $2,613,422,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 751,210 shares of company stock worth $98,833,962 in the last 90 days. 0.50% of the stock is owned by insiders.
IFF stock traded down $1.03 during midday trading on Thursday, reaching $124.69. The company had a trading volume of 1,167,161 shares, compared to its average volume of 1,034,853. International Flavors & Fragrances has a 1 year low of $121.85 and a 1 year high of $150.57. The company has a quick ratio of 1.65, a current ratio of 2.61 and a debt-to-equity ratio of 0.75. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.18 and a beta of 0.75.
International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The firm’s quarterly revenue was up 42.6% compared to the same quarter last year. On average, research analysts anticipate that International Flavors & Fragrances will post 6.35 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.73 per share. The ex-dividend date is Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.34%. International Flavors & Fragrances’s dividend payout ratio is currently 46.50%.
About International Flavors & Fragrances
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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