International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $154.51.

A number of brokerages have commented on IFF. Mizuho reduced their price target on International Flavors & Fragrances from $147.00 to $145.00 in a research report on Wednesday. Robert W. Baird reduced their price target on International Flavors & Fragrances from $188.00 to $165.00 in a research report on Friday, February 11th. Berenberg Bank cut International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their target price for the stock from $165.00 to $144.00 in a research report on Thursday, March 24th. Barclays cut their target price on International Flavors & Fragrances from $127.00 to $121.00 and set an “underweight” rating for the company in a research report on Monday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on International Flavors & Fragrances from $165.00 to $145.00 in a research report on Thursday.

In other International Flavors & Fragrances news, insider De Villeplee Christoph Fauchon sold 630 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total transaction of $76,658.40. Following the completion of the transaction, the insider now owns 8,809 shares in the company, valued at approximately $1,071,879.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Several large investors have recently bought and sold shares of IFF. LTS One Management LP bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $790,913,000. Point Break Capital Management LLC lifted its stake in shares of International Flavors & Fragrances by 69.0% during the 3rd quarter. Point Break Capital Management LLC now owns 4,900,000 shares of the specialty chemicals company’s stock worth $655,228,000 after acquiring an additional 2,000,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of International Flavors & Fragrances by 36.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,699,795 shares of the specialty chemicals company’s stock worth $748,555,000 after acquiring an additional 1,525,828 shares during the last quarter. BlackRock Inc. lifted its stake in shares of International Flavors & Fragrances by 4.0% during the 1st quarter. BlackRock Inc. now owns 19,967,248 shares of the specialty chemicals company’s stock worth $2,622,298,000 after acquiring an additional 768,929 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of International Flavors & Fragrances by 563.8% during the 4th quarter. Marshall Wace LLP now owns 868,631 shares of the specialty chemicals company’s stock worth $130,857,000 after acquiring an additional 737,780 shares during the last quarter. 90.67% of the stock is owned by institutional investors and hedge funds.

IFF stock opened at $132.16 on Friday. International Flavors & Fragrances has a fifty-two week low of $113.40 and a fifty-two week high of $157.08. The business’s 50-day moving average is $125.47 and its two-hundred day moving average is $135.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 1.86. The company has a market cap of $33.68 billion, a price-to-earnings ratio of 60.62, a P/E/G ratio of 2.79 and a beta of 1.02.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.38. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.09 billion. International Flavors & Fragrances had a return on equity of 6.89% and a net margin of 4.48%. The business’s quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share. Equities analysts predict that International Flavors & Fragrances will post 5.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Friday, June 24th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, June 23rd. International Flavors & Fragrances’s dividend payout ratio is presently 144.95%.

International Flavors & Fragrances Company Profile (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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