International Flavors & Fragrances Inc. (NYSE:IFF) Receives $109.27 Average Price Target from Analysts

International Flavors & Fragrances Inc. (NYSE:IFF) has received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $109.27.

Several research analysts recently commented on the company. Oppenheimer increased their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research note on Thursday, November 7th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Finally, Barclays upped their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th.

International Flavors & Fragrances Stock Down 0.0 %

Shares of NYSE IFF opened at $90.88 on Friday. The firm has a market cap of $23.24 billion, a price-to-earnings ratio of -10.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.22. The company’s 50-day simple moving average is $99.07 and its 200-day simple moving average is $98.33. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This trade represents a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in International Flavors & Fragrances by 1.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after purchasing an additional 7,553 shares during the period. Kimelman & Baird LLC acquired a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $868,000. GM Advisory Group LLC acquired a new position in shares of International Flavors & Fragrances in the second quarter worth $686,000. Cetera Investment Advisers increased its position in shares of International Flavors & Fragrances by 69.5% during the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock worth $4,880,000 after acquiring an additional 23,278 shares during the period. Finally, Cetera Advisors LLC acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $693,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.