International Flavors & Fragrances (IFF) Upgraded to “Outperform” at Evercore ISI

Evercore ISI upgraded shares of International Flavors & Fragrances (NYSE:IFF) from an in-line rating to an outperform rating in a report issued on Wednesday, MarketBeat reports.

Several other equities analysts have also recently weighed in on the stock. KeyCorp reiterated a buy rating and set a $148.00 price objective on shares of International Flavors & Fragrances in a research report on Wednesday, October 4th. UBS Group reiterated a buy rating and set a $166.00 price objective (up from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of International Flavors & Fragrances from a hold rating to a sell rating in a research report on Monday, October 23rd. Finally, Berenberg Bank reiterated a buy rating and set a $160.00 price objective on shares of International Flavors & Fragrances in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. International Flavors & Fragrances has an average rating of Hold and an average price target of $147.50.

International Flavors & Fragrances (NYSE IFF) traded down $1.42 during trading on Wednesday, reaching $155.13. 357,367 shares of the company’s stock traded hands, compared to its average volume of 274,299. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.77 and a current ratio of 2.66. The firm has a market capitalization of $12,250.00, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 2.79 and a beta of 1.19. International Flavors & Fragrances has a 12-month low of $114.81 and a 12-month high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The firm had revenue of $872.90 million for the quarter, compared to analysts’ expectations of $847.63 million. During the same period in the previous year, the company posted $1.34 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. analysts predict that International Flavors & Fragrances will post 5.78 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 8th. Shareholders of record on Friday, December 29th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, December 28th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 52.87%.

In other International Flavors & Fragrances news, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $149.61, for a total transaction of $448,830.00. Following the completion of the sale, the executive vice president now owns 39,157 shares of the company’s stock, valued at approximately $5,858,278.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.48% of the company’s stock.

Several large investors have recently modified their holdings of the business. Heritage Way Advisors LLC boosted its stake in shares of International Flavors & Fragrances by 103.8% during the 4th quarter. Heritage Way Advisors LLC now owns 26,490 shares of the specialty chemicals company’s stock valued at $4,043,000 after buying an additional 13,495 shares during the period. Charter Trust Co. lifted its stake in shares of International Flavors & Fragrances by 13.2% in the 4th quarter. Charter Trust Co. now owns 17,767 shares of the specialty chemicals company’s stock valued at $2,711,000 after purchasing an additional 2,073 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of International Flavors & Fragrances by 3.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 383,283 shares of the specialty chemicals company’s stock valued at $58,493,000 after purchasing an additional 11,034 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of International Flavors & Fragrances by 22.2% in the 4th quarter. Bank of Montreal Can now owns 37,611 shares of the specialty chemicals company’s stock valued at $5,739,000 after purchasing an additional 6,830 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in shares of International Flavors & Fragrances by 12.1% in the 4th quarter. DnB Asset Management AS now owns 19,403 shares of the specialty chemicals company’s stock valued at $2,961,000 after purchasing an additional 2,100 shares during the last quarter. 82.75% of the stock is owned by institutional investors.

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International Flavors & Fragrances Company Profile

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.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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