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.
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.
Further Reading: Purposes and Functions of the Federal Reserve
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.