International Flavors & Fragrances Inc. (NYSE:IFF) Receives $91.16 Consensus Price Target from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $91.1647.

IFF has been the topic of several recent research reports. Argus increased their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. BNP Paribas Exane lifted their price target on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Citigroup dropped their price objective on International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Oppenheimer raised their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Rothschild & Co Redburn reduced their target price on International Flavors & Fragrances from $74.00 to $71.00 in a report on Friday, May 8th.

International Flavors & Fragrances Stock Performance

NYSE IFF opened at $76.22 on Friday. The company’s 50 day moving average is $76.55 and its 200-day moving average is $74.50. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market cap of $19.46 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.93.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. Sell-side analysts predict that International Flavors & Fragrances will post 4.55 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, June 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is 48.93%.

Insider Buying and Selling

In other news, Director Paul J. Fribourg bought 260,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the acquisition, the director owned 2,682,730 shares of the company’s stock, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lloyd Advisory Services LLC. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at $27,000. Root Financial Partners LLC raised its position in shares of International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. grew its position in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in International Flavors & Fragrances by 884.1% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 610 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 239 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.