International Flavors & Fragrances Receives Buy Rating from Argus (IFF)
International Flavors & Fragrances (NYSE:IFF)‘s stock had its “buy” rating restated by research analysts at Argus in a report released on Wednesday. They currently have a $111.00 price target on the stock, up from their previous price target of $109.00. Argus’ price target would indicate a potential upside of 11.61% from the stock’s previous close.
IFF has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Friday, August 8th. They now have a $102.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of International Flavors & Fragrances in a research note on Wednesday, August 6th. They now have a $104.00 price target on the stock, up previously from $99.00. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday, July 16th. They now have a $116.00 price target on the stock, up previously from $107.00. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. International Flavors & Fragrances presently has an average rating of “Buy” and a consensus target price of $108.00.
In other International Flavors & Fragrances news, Insider Richard O’leary sold 1,523 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $98.84, for a total value of $150,533.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.94% on Wednesday, hitting $100.38. 107,352 shares of the company’s stock traded hands. International Flavors & Fragrances has a one year low of $78.75 and a one year high of $105.84. The stock has a 50-day moving average of $102.8 and a 200-day moving average of $97.02. The company has a market cap of $8.147 billion and a P/E ratio of 21.68.
International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 5th. The company reported $1.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.02. The company had revenue of $788.40 million for the quarter, compared to the consensus estimate of $794.83 million. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that International Flavors & Fragrances will post $5.04 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Tuesday, September 23rd. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.39.
International Flavors & Fragrances Inc (NYSE:IFF) creates, manufactures and supplies flavors and fragrances for the food, beverage, personal care and household products industries.
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