Analysts Set International Flavors & Fragrances Inc. (NYSE:IFF) Price Target at $90.09

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $90.0938.

A number of equities research analysts have commented on IFF shares. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Berenberg Bank cut their price objective on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Mizuho raised their target price on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Finally, Bank of America upped their price target on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th.

International Flavors & Fragrances Trading Down 2.3%

NYSE IFF opened at $66.59 on Friday. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85. The business has a 50 day simple moving average of $74.59 and a 200 day simple moving average of $68.24. The stock has a market capitalization of $17.01 billion, a P/E ratio of -48.61, a P/E/G ratio of 1.79 and a beta of 0.99.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.International Flavors & Fragrances’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts expect that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -116.79%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 142,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average price of $70.13 per share, for a total transaction of $9,958,460.00. Following the purchase, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This trade represents a 6.23% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in International Flavors & Fragrances by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares during the last quarter. Empowered Funds LLC raised its stake in shares of International Flavors & Fragrances by 71.5% in the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of International Flavors & Fragrances by 25.5% in the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.