International Flavors & Fragrances Inc (NYSE:IFF) Receives $142.73 Consensus Price Target from Analysts

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Shares of International Flavors & Fragrances Inc (NYSE:IFF) have been assigned a consensus rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $142.73.

A number of equities research analysts have recently issued reports on IFF shares. Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $133.00 in a report on Thursday, August 8th. KeyCorp dropped their target price on shares of International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus set a $120.00 target price on shares of International Flavors & Fragrances and gave the company a “hold” rating in a report on Wednesday, August 7th. ValuEngine cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Societe Generale started coverage on shares of International Flavors & Fragrances in a report on Monday, September 9th. They issued a “buy” rating and a $140.00 target price on the stock.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 928 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $126.26, for a total value of $117,169.28. Following the transaction, the insider now directly owns 34,465 shares of the company’s stock, valued at approximately $4,351,550.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 2,785 shares of company stock worth $354,208. Insiders own 0.39% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in IFF. Geode Capital Management LLC raised its holdings in International Flavors & Fragrances by 11.1% in the 4th quarter. Geode Capital Management LLC now owns 1,305,387 shares of the specialty chemicals company’s stock valued at $174,980,000 after acquiring an additional 130,842 shares during the period. Janney Montgomery Scott LLC grew its position in shares of International Flavors & Fragrances by 106.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,538 shares of the specialty chemicals company’s stock worth $971,000 after purchasing an additional 3,892 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of International Flavors & Fragrances during the 1st quarter worth approximately $227,000. Victory Capital Management Inc. grew its position in shares of International Flavors & Fragrances by 1,943.1% during the 1st quarter. Victory Capital Management Inc. now owns 30,483 shares of the specialty chemicals company’s stock worth $3,926,000 after purchasing an additional 28,991 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of International Flavors & Fragrances by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,108 shares of the specialty chemicals company’s stock worth $16,885,000 after purchasing an additional 7,178 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:IFF traded down $0.13 on Thursday, hitting $122.86. 568,704 shares of the company’s stock were exchanged, compared to its average volume of 1,017,624. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. The firm has a 50-day moving average price of $119.56 and a 200-day moving average price of $132.82. The company has a market cap of $13.03 billion, a P/E ratio of 19.56 and a beta of 0.84. International Flavors & Fragrances has a 52 week low of $104.86 and a 52 week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.61. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. International Flavors & Fragrances’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. On average, research analysts expect that International Flavors & Fragrances will post 6.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be issued a $0.75 dividend. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, September 20th. 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 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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