International Flavors & Fragrances Inc. (NYSE:IFF) Given Consensus Recommendation of “Moderate Buy” by Analysts

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $86.4563.

IFF has been the subject of a number of recent analyst reports. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Weiss Ratings restated a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Argus boosted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank lowered their target price on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. Finally, UBS Group raised their price target on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th.

International Flavors & Fragrances Trading Up 1.2%

Shares of IFF stock opened at $72.19 on Friday. The stock has a market capitalization of $18.49 billion, a price-to-earnings ratio of -44.56, a PEG ratio of 2.67 and a beta of 1.04. The company’s fifty day simple moving average is $67.49 and its two-hundred day simple moving average is $66.86. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. As a group, analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, December 19th. International Flavors & Fragrances’s payout ratio is presently -98.77%.

Institutional Trading of International Flavors & Fragrances

A number of large investors have recently modified their holdings of IFF. True Wealth Design LLC increased its position in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 493 shares during the last quarter. American National Bank & Trust grew its stake in International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 479 shares in the last quarter. Elkhorn Partners Limited Partnership grew its stake in International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank raised its position in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.