International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $103.87.
IFF has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. UBS Group decreased their price target on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Citigroup boosted their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a research note on Monday, July 22nd.
Institutional Trading of International Flavors & Fragrances
International Flavors & Fragrances Stock Performance
NYSE IFF opened at $100.47 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $100.96 and a 200 day simple moving average of $95.08. International Flavors & Fragrances has a 12-month low of $62.28 and a 12-month high of $105.96. The company has a market cap of $25.66 billion, a P/E ratio of -10.28, a PEG ratio of 1.85 and a beta of 1.22.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the firm posted $0.86 EPS. International Flavors & Fragrances’s quarterly revenue was down 1.4% compared to the same quarter last year. Sell-side analysts predict that International Flavors & Fragrances will post 4.23 earnings per share for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.
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.
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