International Flavors & Fragrances (IFF) – Analysts’ Weekly Ratings Changes

International Flavors & Fragrances (NYSE: IFF) recently received a number of ratings updates from brokerages and research firms:

• 4/10/2024 – International Flavors & Fragrances was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $81.00.
• 4/4/2024 – International Flavors & Fragrances had its price target raised by analysts at Wells Fargo & Company from $90.00 to $100.00. They now have an “overweight” rating on the stock.
• 3/27/2024 – International Flavors & Fragrances had its price target raised by analysts at Morgan Stanley from $89.00 to $96.00. They now have an “overweight” rating on the stock.
• 3/25/2024 – International Flavors & Fragrances was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/20/2024 – International Flavors & Fragrances had its price target raised by analysts at Mizuho from $83.00 to $91.00. They now have a “neutral” rating on the stock.
• 3/20/2024 – International Flavors & Fragrances had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $90.00 to $100.00. They now have a “buy” rating on the stock.
• 3/17/2024 – International Flavors & Fragrances was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/9/2024 – International Flavors & Fragrances was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/8/2024 – International Flavors & Fragrances was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
• 3/1/2024 – International Flavors & Fragrances is now covered by analysts at Wolfe Research. They set an “underperform” rating on the stock.
• 3/1/2024 – International Flavors & Fragrances was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/23/2024 – International Flavors & Fragrances had its price target lowered by analysts at Citigroup Inc. from $85.00 to $81.00. They now have a “neutral” rating on the stock.
• 2/22/2024 – International Flavors & Fragrances had its price target raised by analysts at Wells Fargo & Company from $85.00 to $90.00. They now have an “overweight” rating on the stock.
• 2/22/2024 – International Flavors & Fragrances had its price target raised by analysts at Robert W. Baird from $80.00 to $85.00. They now have an “outperform” rating on the stock.
• 2/21/2024 – International Flavors & Fragrances had its price target lowered by analysts at Mizuho from $86.00 to $82.00. They now have a “neutral” rating on the stock.
• 2/21/2024 – International Flavors & Fragrances had its price target lowered by analysts at Stifel Nicolaus from $87.00 to $80.00. They now have a “hold” rating on the stock.

International Flavors & Fragrances Stock Performance

IFF stock traded down $0.18 during midday trading on Wednesday, hitting $86.20. The company’s stock had a trading volume of 1,509,505 shares, compared to its average volume of 2,264,265. The stock’s 50-day moving average price is $81.24 and its 200 day moving average price is $76.64. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances Inc. has a 1 year low of $62.11 and a 1 year high of $97.49. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of -8.59, a PEG ratio of 1.90 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts forecast that International Flavors & Fragrances Inc. will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.60 annualized dividend and a yield of 1.86%. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently modified their holdings of IFF. Winder Pte. Ltd. bought a new position in International Flavors & Fragrances during the 3rd quarter worth approximately $1,728,544,000. Dodge & Cox bought a new position in International Flavors & Fragrances during the 4th quarter worth approximately $1,250,236,000. State Street Corp grew its position in International Flavors & Fragrances by 26.9% during the 1st quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company’s stock worth $1,240,654,000 after acquiring an additional 2,835,689 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in International Flavors & Fragrances by 59.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after acquiring an additional 2,890,737 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in International Flavors & Fragrances by 16.3% during the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after acquiring an additional 795,797 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.