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

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $111.00.

Several brokerages have issued reports on IFF. Bank of America upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target 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. Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays upped their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Oppenheimer lifted their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th.

International Flavors & Fragrances Stock Down 0.1 %

IFF stock opened at $90.82 on Friday. The business’s 50 day simple moving average is $98.55 and its 200 day simple moving average is $98.23. International Flavors & Fragrances has a 1-year low of $72.94 and a 1-year high of $106.77. The firm has a market capitalization of $23.22 billion, a PE ratio of -9.99, a PEG ratio of 1.60 and a beta of 1.22. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data 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 company 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%. International Flavors & Fragrances’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 earned $0.89 earnings per share. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.16 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued 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 dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Insider Activity at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total transaction of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances during the second quarter valued at $38,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter worth $42,000. Oakworth Capital Inc. bought a new stake in shares of International Flavors & Fragrances in the third quarter worth $44,000. Finally, Eastern Bank acquired a new stake in International Flavors & Fragrances in the third quarter valued at $46,000. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.