International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) has been given an average recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $148.92.
Several analysts have commented on IFF shares. Bank of America decreased their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Jefferies Financial Group lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their price target for the company from $170.00 to $101.00 in a research report on Thursday, June 16th. Credit Suisse Group started coverage on shares of International Flavors & Fragrances in a research report on Monday, June 27th. They set an “outperform” rating and a $145.00 price target for the company. StockNews.com raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Wednesday, May 18th. Finally, Wells Fargo & Company increased their price objective on shares of International Flavors & Fragrances from $145.00 to $150.00 in a research report on Wednesday, May 11th.
International Flavors & Fragrances Stock Performance
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Shares of NYSE:IFF opened at $121.26 on Thursday. International Flavors & Fragrances has a one year low of $105.38 and a one year high of $157.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.86. The firm has a market cap of $30.90 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. The firm’s 50 day simple moving average is $122.04 and its 200-day simple moving average is $126.97.
International Flavors & Fragrances (NYSE:IFF – Get Rating) last posted its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.31 by $0.38. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the business posted $1.60 EPS. The company’s quarterly revenue was up 30.9% compared to the same quarter last year. As a group, equities analysts predict that International Flavors & Fragrances will post 5.76 EPS for the current year.
International Flavors & Fragrances Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 6th. Stockholders of record on Friday, June 24th were paid a $0.79 dividend. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.61%. International Flavors & Fragrances’s payout ratio is currently 144.95%.
Insider Transactions at International Flavors & Fragrances
In other news, insider De Villeplee Christoph Fauchon sold 630 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $121.68, for a total value of $76,658.40. Following the sale, the insider now owns 8,809 shares in the company, valued at $1,071,879.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.
Hedge Funds Weigh In On International Flavors & Fragrances
Institutional investors have recently made changes to their positions in the company. Covestor Ltd purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $25,000. JJJ Advisors Inc. increased its holdings in shares of International Flavors & Fragrances by 74.3% during the 4th quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. First Personal Financial Services purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at approximately $30,000. Atwood & Palmer Inc. raised its stake in shares of International Flavors & Fragrances by 1,718.2% during the 1st quarter. Atwood & Palmer Inc. now owns 200 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 189 shares during the period. Finally, Steward Financial Group LLC acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $31,000. 90.67% of the stock is owned by hedge funds and other institutional investors.
About International Flavors & Fragrances
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International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.
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