International Flavors & Fragrances Receives Consensus Recommendation of “Buy” from Analysts (NYSE:IFF)
International Flavors & Fragrances (NYSE:IFF) has received a consensus rating of “Buy” from the nine analysts that are currently covering the stock, American Banking News reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $108.00.
In other International Flavors & Fragrances news, SVP Angelica T. Cantlon unloaded 1,200 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $101.60, for a total transaction of $121,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IFF. Analysts at Argus reiterated a “buy” rating on shares of International Flavors & Fragrances in a research note on Wednesday, August 13th. They now have a $111.00 price target on the stock, up previously from $109.00. Separately, 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. Finally, 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.
Shares of International Flavors & Fragrances (NYSE:IFF) opened at 100.62 on Thursday. 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 $101.3 and a 200-day moving average of $98.53. The company has a market cap of $8.166 billion and a price-to-earnings ratio of 21.93.
International Flavors & Fragrances (NYSE:IFF) last released its earnings data on Tuesday, August 5th. The company reported $1.37 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.14 earnings per share. International Flavors & Fragrances’s revenue was up 4.1% compared to the same quarter last year. Analysts expect that International Flavors & Fragrances will post $5.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Thursday, September 25th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is an increase 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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