International Flavors & Fragrances Inc (NYSE:IFF) has earned an average rating of “Hold” from the fifteen research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $143.00.
IFF has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $127.00 to $125.00 in a report on Wednesday, August 7th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $151.00 price objective on the stock in a report on Monday, August 5th. Berenberg Bank downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $133.00 in a report on Thursday, August 8th. KeyCorp cut their price objective on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, ValuEngine downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd.
In other news, insider Nicolas Mirzayantz sold 929 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $110.62, for a total value of $102,765.98. Following the transaction, the insider now owns 35,393 shares in the company, valued at approximately $3,915,173.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,965 shares of company stock worth $1,124,154 in the last quarter. 0.39% of the stock is owned by corporate insiders.
Shares of NYSE:IFF opened at $111.92 on Friday. The firm has a market cap of $12.04 billion, a PE ratio of 17.82 and a beta of 0.75. The firm’s 50 day simple moving average is $135.93 and its 200-day simple moving average is $135.72. International Flavors & Fragrances has a one year low of $109.63 and a one year high of $152.95. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.59 and a current ratio of 2.60.
International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. International Flavors & Fragrances had a net margin of 7.51% and a return on equity of 10.48%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $1.76 EPS. International Flavors & Fragrances’s revenue was up 41.3% on a year-over-year basis. Equities research analysts predict that International Flavors & Fragrances will post 6.2 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be issued a $0.75 dividend. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, September 20th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.68%. International Flavors & Fragrances’s dividend payout ratio is currently 46.50%.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.
See Also: Day Trading
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.