Analysts Set International Flavors & Fragrances Inc (IFF) PT at $147.29

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International Flavors & Fragrances Inc (NYSE:IFF) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $147.29.

A number of brokerages have recently issued reports on IFF. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from an “underweight” rating to a “neutral” rating and set a $130.00 target price on the stock in a research note on Tuesday, May 8th. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances to $147.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. ValuEngine raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Sanford C. Bernstein set a $155.00 price objective on shares of International Flavors & Fragrances and gave the company a “buy” rating in a research report on Thursday, May 10th.

Shares of International Flavors & Fragrances stock traded down $0.45 during trading on Friday, reaching $129.14. The company had a trading volume of 16,522 shares, compared to its average volume of 571,403. The firm has a market cap of $10.30 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.90 and a current ratio of 2.90. International Flavors & Fragrances has a fifty-two week low of $122.11 and a fifty-two week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. The business had revenue of $920.02 million for the quarter, compared to analyst estimates of $899.62 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. During the same quarter in the prior year, the business posted $1.50 EPS. equities analysts predict that International Flavors & Fragrances will post 6.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Monday, September 24th will be given a $0.73 dividend. This is a boost from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, September 21st. This represents a $2.92 annualized dividend and a yield of 2.26%. International Flavors & Fragrances’s dividend payout ratio is 46.86%.

In other news, Director Dale F. Morrison bought 4,010 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was purchased at an average price of $124.60 per share, for a total transaction of $499,646.00. Following the transaction, the director now owns 4,010 shares in the company, valued at $499,646. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Winder Investment Pte Ltd bought 45,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was purchased at an average price of $134.56 per share, with a total value of $6,055,200.00. Following the transaction, the insider now owns 15,200,000 shares in the company, valued at approximately $2,045,312,000. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 1,347,810 shares of company stock valued at $175,076,967. 0.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $113,000. Psagot Investment House Ltd. bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $148,000. Tiverton Asset Management LLC boosted its holdings in shares of International Flavors & Fragrances by 51.4% in the first quarter. Tiverton Asset Management LLC now owns 1,214 shares of the specialty chemicals company’s stock valued at $166,000 after acquiring an additional 412 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $200,000. Finally, Global Trust Asset Management LLC bought a new position in shares of International Flavors & Fragrances in the second quarter valued at approximately $203,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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