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

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $110.21.

Several equities research analysts have recently commented on IFF shares. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Bank of America raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Friday, November 8th. Morgan Stanley raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday, November 7th.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in International Flavors & Fragrances by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company’s stock worth $64,533,000 after acquiring an additional 7,553 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of International Flavors & Fragrances in the second quarter worth $868,000. GM Advisory Group LLC acquired a new position in International Flavors & Fragrances during the second quarter worth $686,000. Appian Way Asset Management LP bought a new position in International Flavors & Fragrances in the second quarter valued at $2,990,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at $1,740,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $85.36 on Thursday. The business has a 50 day simple moving average of $94.28 and a 200 day simple moving average of $97.41. International Flavors & Fragrances has a one year low of $72.94 and a one year high of $106.77. The company has a market capitalization of $21.83 billion, a PE ratio of -9.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.62 and a quick ratio of 1.93.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. International Flavors & Fragrances’s payout ratio is -17.60%.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.