Analysts Set International Flavors & Fragrances Inc. (NYSE:IFF) PT at $92.16

International Flavors & Fragrances Inc. (NYSE:IFF) has been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $92.1556.

A number of equities research analysts have recently issued reports on IFF shares. Morgan Stanley increased their price target on shares of International Flavors & Fragrances from $93.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Zacks Research cut shares of International Flavors & Fragrances from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Berenberg Bank increased their target price on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of International Flavors & Fragrances in a report on Monday, August 3rd. Finally, Citigroup decreased their price target on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $84.09 on Tuesday. The business’s fifty day moving average is $78.86 and its 200 day moving average is $75.91. The firm has a market cap of $21.46 billion, a price-to-earnings ratio of 77.15, a PEG ratio of 3.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. Research analysts predict that International Flavors & Fragrances will post 3.06 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 18th. International Flavors & Fragrances’s payout ratio is presently 146.79%.

International Flavors & Fragrances declared that its Board of Directors has authorized a share repurchase program on Tuesday, August 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 260,000 shares of the stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $74.28 per share, with a total value of $19,312,800.00. Following the acquisition, the director directly owned 2,682,730 shares in the company, valued at approximately $199,273,184.40. The trade was a 10.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Marc Birenkrant sold 1,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the transaction, the chief accounting officer directly owned 3,446 shares of the company’s stock, valued at $292,910. The trade was a 22.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the stock. Man Group plc purchased a new position in International Flavors & Fragrances in the second quarter worth $270,000. Jupiter Topco LLC purchased a new stake in International Flavors & Fragrances during the second quarter valued at about $32,327,000. Hsbc Holdings PLC bought a new stake in International Flavors & Fragrances during the second quarter worth about $40,317,000. EFG International AG purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth about $177,000. Finally, Ancora Advisors LLC bought a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at about $13,998,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.