Internationa Flavors & Fragrances (IFF) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Internationa Flavors & Fragrances (NYSE: IFF) in the last few weeks:

  • 8/10/2017 – Internationa Flavors & Fragrances had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $139.00 price target on the stock, up previously from $135.00.
  • 8/8/2017 – Internationa Flavors & Fragrances was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/24/2017 – Internationa Flavors & Fragrances was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $149.00 price target on the stock. According to Zacks, “Year to date, International Flavors & Fragrances' shares have outperformed the Zacks categorized Chemicals Specialty industry. We believe that the company will benefit from the growing demand for flavors and fragrances in the long run. For 2017, the company anticipates net sales to grow 7.5-8.5% and earnings per share to increase 6.5-7.5%. Acquired assets of PowderPure will strengthen the company's natural platforms and satisfy demand for natural and clean label products. Also, the company will benefit from its multi-year productivity program going forward. Over the last 60 days, earnings estimates for the stock increased for 2018 while remained stable for 2017.”
  • 7/21/2017 – Internationa Flavors & Fragrances had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $136.00 price target on the stock.
  • 7/14/2017 – Internationa Flavors & Fragrances was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Year to date, International Flavors & Fragrances' shares have outperformed the Zacks categorized Chemicals Specialty industry. We believe that the company will benefit from the growing demand for flavors and fragrances in the long run. For 2017, the company anticipates net sales to grow 7.5-8.5% and earnings per share to increase 6.5-7.5%. Acquired assets of PowderPure will strengthen the company's natural platforms and satisfy demand for natural and clean label products. Also, the company will benefit from its multi-year productivity program going forward. However, forex woes are predicted to negatively impact earnings by 3% and revenues by 1.5%. Also, the company is exposed to risks arising geopolitical issues and stiff competition. Over the last 60 days, earnings estimates for the stock remained stable for 2017 and 2018.”
  • 7/11/2017 – Internationa Flavors & Fragrances was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/7/2017 – Internationa Flavors & Fragrances is now covered by analysts at Raymond James Financial, Inc.. They set a “market perform” rating on the stock.
  • 6/16/2017 – Internationa Flavors & Fragrances had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $136.00 price target on the stock, up previously from $129.00.
  • 6/15/2017 – Internationa Flavors & Fragrances was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Internationa Flavors & Fragrances, Inc. (IFF) traded down 2.03% on Thursday, hitting $136.85. The stock had a trading volume of 729,332 shares. The company has a market cap of $10.82 billion, a P/E ratio of 27.61 and a beta of 1.11. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $143.64. The firm’s 50-day moving average is $134.20 and its 200-day moving average is $131.32.

Internationa Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.93% and a net margin of 12.31%. The company had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same period last year, the firm earned $1.47 earnings per share. Internationa Flavors & Fragrances’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Internationa Flavors & Fragrances, Inc. will post $5.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be paid a $0.69 dividend. The ex-dividend date is Friday, September 22nd. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a yield of 2.02%. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

In other news, insider Nicolas Mirzayantz sold 1,233 shares of Internationa Flavors & Fragrances stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $133.76, for a total transaction of $164,926.08. Following the sale, the insider now owns 46,274 shares in the company, valued at $6,189,610.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 20,000 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $130.48 per share, for a total transaction of $2,609,600.00. Following the transaction, the insider now directly owns 9,061,803 shares of the company’s stock, valued at approximately $1,182,384,055.44. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 1,254,682 shares of company stock worth $168,037,963. 0.48% of the stock is owned by insiders.

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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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