International Flavors & Fragrances Inc (NYSE:IFF) has been assigned an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $148.13.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. KeyCorp reduced their price target on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, February 25th. Citigroup reduced their price target on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, February 21st. Finally, ValuEngine upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Monday.

In other news, insider Nicolas Mirzayantz sold 3,472 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $136.73, for a total transaction of $474,726.56. Following the completion of the sale, the insider now owns 45,858 shares in the company, valued at $6,270,164.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. JOYN Advisors Inc. raised its position in shares of International Flavors & Fragrances by 65.5% in the fourth quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 74 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $26,000. Fort L.P. raised its position in International Flavors & Fragrances by 365.3% during the fourth quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 179 shares in the last quarter. Cresset Asset Management LLC acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $34,000. Finally, Penserra Capital Management LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $37,000. Institutional investors own 88.20% of the company’s stock.

International Flavors & Fragrances stock traded up $1.59 during midday trading on Tuesday, reaching $140.71. 372,904 shares of the company’s stock were exchanged, compared to its average volume of 922,571. International Flavors & Fragrances has a 52 week low of $121.85 and a 52 week high of $150.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 2.56. The stock has a market capitalization of $14.45 billion, a P/E ratio of 22.41 and a beta of 0.74.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the company posted $1.79 earnings per share. International Flavors & Fragrances’s quarterly revenue was up 39.4% on a year-over-year basis. Research analysts forecast that International Flavors & Fragrances will post 6.31 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

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 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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