Brokerages Set International Flavors & Fragrances Inc (NYSE:IFF) PT at $143.00

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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.

Several institutional investors and hedge funds have recently modified their holdings of the company. Lenox Wealth Management Inc. acquired a new position in International Flavors & Fragrances in the first quarter valued at about $26,000. Advisory Services Network LLC lifted its position in International Flavors & Fragrances by 119.0% in the second quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 125 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new position in International Flavors & Fragrances in the second quarter valued at about $33,000. Icon Wealth Partners LLC acquired a new position in International Flavors & Fragrances in the first quarter valued at about $38,000. Finally, Field & Main Bank acquired a new position in International Flavors & Fragrances in the first quarter valued at about $39,000. Institutional investors own 90.49% of the company’s stock.

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.

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

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