International Flavors & Fragrances Inc (IFF) Receives Average Recommendation of “Hold” from Analysts

Shares of International Flavors & Fragrances Inc (NYSE:IFF) have been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $145.14.

A number of equities research analysts recently weighed in on IFF shares. Goldman Sachs Group upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $137.00 to $151.00 in a report on Thursday, March 21st. Citigroup decreased their price objective on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, February 21st. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 8th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Finally, Seaport Global Securities started coverage on shares of International Flavors & Fragrances in a report on Thursday, February 21st. They set a “neutral” rating for the company.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 85,946 shares of International Flavors & Fragrances stock in a transaction dated Thursday, February 14th. The stock was acquired at an average price of $132.28 per share, for a total transaction of $11,368,936.88. Following the acquisition, the insider now owns 20,007,252 shares in the company, valued at approximately $2,646,559,294.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 247,224 shares of company stock valued at $32,581,170. Company insiders own 0.39% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Winder Investment Pte Ltd grew its position in shares of International Flavors & Fragrances by 9.3% in the 4th quarter. Winder Investment Pte Ltd now owns 19,536,858 shares of the specialty chemicals company’s stock worth $2,623,214,000 after buying an additional 1,664,698 shares during the last quarter. Vanguard Group Inc grew its position in shares of International Flavors & Fragrances by 13.7% in the 3rd quarter. Vanguard Group Inc now owns 10,298,969 shares of the specialty chemicals company’s stock worth $1,432,792,000 after buying an additional 1,239,892 shares during the last quarter. BlackRock Inc. grew its position in shares of International Flavors & Fragrances by 14.5% in the 4th quarter. BlackRock Inc. now owns 6,794,818 shares of the specialty chemicals company’s stock worth $912,341,000 after buying an additional 858,430 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of International Flavors & Fragrances by 787.5% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 882,598 shares of the specialty chemicals company’s stock worth $122,787,000 after buying an additional 783,153 shares during the last quarter. Finally, FMR LLC grew its position in shares of International Flavors & Fragrances by 32.4% in the 4th quarter. FMR LLC now owns 3,032,597 shares of the specialty chemicals company’s stock worth $406,944,000 after buying an additional 741,633 shares during the last quarter. Institutional investors and hedge funds own 83.19% of the company’s stock.

Shares of International Flavors & Fragrances stock traded up $0.49 during trading on Monday, hitting $134.00. The stock had a trading volume of 16,452 shares, compared to its average volume of 1,049,423. The firm has a market capitalization of $13.98 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.29 and a beta of 0.75. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75. International Flavors & Fragrances has a 12 month low of $121.85 and a 12 month high of $150.57.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.07). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. International Flavors & Fragrances’s revenue was up 42.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.40 EPS. As a group, sell-side analysts predict that International Flavors & Fragrances will post 6.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 25th were issued a dividend of $0.73 per share. The ex-dividend date was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.18%. International Flavors & Fragrances’s payout ratio is 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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