Brokerages Set International Flavors & Fragrances Inc (IFF) Target Price at $148.50

International Flavors & Fragrances Inc (NYSE:IFF) has been given an average rating of “Hold” by the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $147.57.

Several research firms recently weighed in on IFF. Zacks Investment Research raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Barclays reaffirmed a “sell” rating on shares of International Flavors & Fragrances in a research note on Monday, February 18th. 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 note on Monday, February 25th. Citigroup cut their target price on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Finally, Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research note on Thursday, February 21st. They set a “neutral” rating for the company.

In related news, major shareholder Winder Investment Pte Ltd bought 29,642 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The stock was bought at an average cost of $128.74 per share, with a total value of $3,816,111.08. Following the completion of the purchase, the insider now owns 20,300,000 shares of the company’s stock, valued at approximately $2,613,422,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicolas Mirzayantz sold 3,472 shares of International Flavors & Fragrances stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $136.73, for a total transaction of $474,726.56. Following the completion of the transaction, the insider now directly owns 45,858 shares of the company’s stock, valued at $6,270,164.34. The disclosure for this sale can be found here. Company insiders own 0.39% of the company’s stock.

Large investors have recently modified their holdings of the business. 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 worth $25,000 after buying an additional 74 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth $27,000. Lenox Wealth Management Inc. purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $26,000. Fort L.P. boosted its stake in shares of International Flavors & Fragrances by 365.3% during the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the period. Finally, Cresset Asset Management LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth about $34,000. 83.63% of the stock is owned by institutional investors and hedge funds.

Shares of IFF stock traded down $0.29 on Friday, hitting $136.67. 573,800 shares of the stock traded hands, compared to its average volume of 947,186. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 21.76 and a beta of 0.77. International Flavors & Fragrances has a 52 week low of $121.85 and a 52 week high of $150.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, beating 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 net margin of 7.29% and a return on equity of 12.74%. The company’s revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $1.79 EPS. Equities research analysts expect that International Flavors & Fragrances will post 6.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 24th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.92 annualized dividend and a yield of 2.14%. International Flavors & Fragrances’s payout ratio is 46.50%.

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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