Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have received a consensus rating of “Hold” from the fourteen research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $131.70.
A number of equities analysts have recently issued reports on IFF shares. Bank of America began coverage on shares of International Flavors & Fragrances in a research note on Friday, October 9th. They set a “buy” rating and a $155.00 price objective on the stock. Societe Generale raised International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $122.00 target price on the stock in a research report on Thursday, November 12th. ValuEngine upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Friday, November 6th. Finally, Zacks Investment Research cut International Flavors & Fragrances from a “hold” rating to a “strong sell” rating and set a $93.00 price objective for the company. in a research note on Thursday, November 12th.
IFF opened at $108.84 on Wednesday. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 5.69 and a beta of 0.98. The company has a current ratio of 1.82, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64. International Flavors & Fragrances has a 12-month low of $92.14 and a 12-month high of $143.87. The business’s fifty day simple moving average is $112.38 and its 200-day simple moving average is $118.91.
International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, November 9th. The specialty chemicals company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.06). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.29 billion. International Flavors & Fragrances had a return on equity of 11.00% and a net margin of 7.44%. The firm’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. On average, equities research analysts predict that International Flavors & Fragrances will post 5.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 28th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, December 24th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.83%. International Flavors & Fragrances’s payout ratio is 49.92%.
A number of hedge funds and other institutional investors have recently made changes to their positions in IFF. Strs Ohio raised its position in shares of International Flavors & Fragrances by 14.2% in the third quarter. Strs Ohio now owns 23,270 shares of the specialty chemicals company’s stock worth $2,849,000 after acquiring an additional 2,896 shares during the period. Van ECK Associates Corp grew its holdings in International Flavors & Fragrances by 12,700.0% in the third quarter. Van ECK Associates Corp now owns 1,024 shares of the specialty chemicals company’s stock valued at $125,000 after purchasing an additional 1,016 shares during the period. Platform Technology Partners acquired a new stake in International Flavors & Fragrances in the 3rd quarter valued at $293,000. Advisor Partners LLC acquired a new position in shares of International Flavors & Fragrances during the 3rd quarter worth about $316,000. Finally, Fairfield Bush & CO. boosted its stake in shares of International Flavors & Fragrances by 15.4% in the third quarter. Fairfield Bush & CO. now owns 18,320 shares of the specialty chemicals company’s stock worth $2,243,000 after acquiring an additional 2,450 shares during the last quarter. 93.38% of the stock is currently owned by hedge funds and other institutional investors.
About International Flavors & Fragrances
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Taste and Scent. 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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