International Flavors & Fragrances Inc (NYSE:IFF) Receives Average Rating of “Hold” from Analysts

International Flavors & Fragrances Inc (NYSE:IFF) has earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $142.73.

Several equities analysts have recently issued reports on the company. ValuEngine lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. KeyCorp cut their price target on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Exane BNP Paribas lowered International Flavors & Fragrances to an “underperform” rating in a research note on Friday, June 21st. Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $133.00 in a research note on Thursday, August 8th. Finally, Stifel Nicolaus set a $120.00 target price on International Flavors & Fragrances and gave the company a “hold” rating in a research note on Wednesday, August 7th.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $110.62, for a total value of $102,765.98. Following the completion of the transaction, the insider now directly owns 35,393 shares in the company, valued at $3,915,173.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,829 shares of company stock valued at $381,662. Corporate insiders own 0.39% of the company’s stock.

A number of hedge funds have recently bought and sold shares of IFF. Nomura Asset Management Co. Ltd. lifted its position in shares of International Flavors & Fragrances by 0.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 14,688 shares of the specialty chemicals company’s stock valued at $1,892,000 after buying an additional 78 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 28.6% in the first quarter. Penserra Capital Management LLC now owns 360 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 80 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in shares of International Flavors & Fragrances by 0.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 21,231 shares of the specialty chemicals company’s stock valued at $3,080,000 after buying an additional 86 shares during the last quarter. TrinityPoint Wealth LLC lifted its position in shares of International Flavors & Fragrances by 5.0% in the second quarter. TrinityPoint Wealth LLC now owns 1,843 shares of the specialty chemicals company’s stock valued at $269,000 after buying an additional 87 shares during the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of International Flavors & Fragrances by 9.1% in the first quarter. ETF Managers Group LLC now owns 1,057 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Shares of IFF traded down $2.15 on Thursday, reaching $125.31. 24,377 shares of the stock traded hands, compared to its average volume of 1,019,592. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 19.95 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. International Flavors & Fragrances has a 12 month low of $104.86 and a 12 month high of $152.95. The stock’s 50-day moving average price is $122.08 and its 200-day moving average price is $132.90.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The business’s revenue was up 41.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, equities research analysts forecast that International Flavors & Fragrances will post 6.2 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 paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.39%. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) 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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