International Flavors & Fragrances Inc. (NYSE:IFF) Receives $103.31 Average PT from Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has been given an average rating of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $103.31.

A number of analysts have commented on the company. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Oppenheimer dropped their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Citigroup reduced their price target on shares of International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a “buy” rating for the company in a report on Monday, February 3rd.

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at $522,860. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $34,000. Point72 Hong Kong Ltd acquired a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $42,000. Rialto Wealth Management LLC purchased a new position in shares of International Flavors & Fragrances in the fourth quarter valued at approximately $42,000. Finally, Principal Securities Inc. boosted its stake in shares of International Flavors & Fragrances by 36.6% in the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 171 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Trading Down 4.5 %

International Flavors & Fragrances stock opened at $73.01 on Friday. International Flavors & Fragrances has a one year low of $72.82 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. The stock has a market cap of $18.67 billion, a PE ratio of 77.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The stock has a 50-day moving average of $81.66 and a two-hundred day moving average of $89.05.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.14. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The company had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. International Flavors & Fragrances’s dividend payout ratio is presently 170.21%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.