International Flavors & Fragrances Inc (IFF) Given Consensus Rating of “Hold” by Analysts
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.
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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