Trading Report: The International Flavors & Fragrances Inc. (IFF) Receives $148.80 Consensus Price Target from Analysts

The International Flavors & Fragrances Inc. (IFF) Receives $148.80 Consensus Price Target from Analysts

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus rating of “Buy” from the ten ratings firms that are covering the company. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $148.80.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price target on the stock in a research report on Tuesday, October 4th. Berenberg Bank reaffirmed a “buy” rating and set a $163.40 price target on shares of International Flavors & Fragrances in a research report on Monday, September 26th. Gabelli lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Argus raised their price target on International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Sanford C. Bernstein assumed coverage on International Flavors & Fragrances in a research report on Monday, September 19th. They set an “outperform” rating and a $160.00 price target on the stock.

Shares of International Flavors & Fragrances (NYSE:IFF) opened at 131.35 on Monday. International Flavors & Fragrances has a 12-month low of $97.24 and a 12-month high of $143.64. The company has a 50-day moving average price of $138.32 and a 200 day moving average price of $129.57. The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 25.13 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, August 8th. The company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The company had revenue of $793.48 million for the quarter, compared to analyst estimates of $785.60 million. International Flavors & Fragrances had a return on equity of 26.66% and a net margin of 13.52%. International Flavors & Fragrances’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. Equities research analysts expect that International Flavors & Fragrances will post $5.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Monday, September 26th were issued a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, September 22nd. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.95%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 49.90%.

In related news, insider Nicolas Mirzayantz sold 3,881 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $135.84, for a total transaction of $527,195.04. Following the completion of the transaction, the insider now directly owns 60,016 shares in the company, valued at $8,152,573.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of IFF. Quadrant Capital Group LLC increased its position in International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares in the last quarter. Veritable L.P. increased its position in International Flavors & Fragrances by 1.4% in the second quarter. Veritable L.P. now owns 1,975 shares of the company’s stock worth $249,000 after buying an additional 28 shares in the last quarter. Albert D Mason Inc. increased its position in International Flavors & Fragrances by 0.3% in the second quarter. Albert D Mason Inc. now owns 12,470 shares of the company’s stock worth $1,572,000 after buying an additional 35 shares in the last quarter. Creative Planning increased its position in International Flavors & Fragrances by 2.8% in the second quarter. Creative Planning now owns 1,383 shares of the company’s stock worth $174,000 after buying an additional 38 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in International Flavors & Fragrances by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,039 shares of the company’s stock worth $231,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

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