International Flavors & Fragrances Inc. (NYSE:IFF) Receives $156.84 Consensus Target Price from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been assigned an average rating of “Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $163.51.

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on International Flavors & Fragrances from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, November 12th. UBS Group cut their target price on International Flavors & Fragrances from $187.00 to $185.00 and set a “buy” rating for the company in a research note on Tuesday, January 4th. JPMorgan Chase & Co. upped their target price on International Flavors & Fragrances from $163.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, November 10th. Wells Fargo & Company cut their target price on International Flavors & Fragrances from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, December 13th. Finally, Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating and set a $154.00 price objective for the company in a research note on Tuesday, December 14th.

Several large investors have recently made changes to their positions in the company. People s United Financial Inc. increased its stake in shares of International Flavors & Fragrances by 1.5% in the second quarter. People s United Financial Inc. now owns 5,195 shares of the specialty chemicals company’s stock valued at $776,000 after buying an additional 79 shares in the last quarter. Johnson Investment Counsel Inc. increased its stake in shares of International Flavors & Fragrances by 2.1% in the second quarter. Johnson Investment Counsel Inc. now owns 3,847 shares of the specialty chemicals company’s stock valued at $578,000 after buying an additional 79 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of International Flavors & Fragrances by 3.9% in the third quarter. Pinnacle Associates Ltd. now owns 2,080 shares of the specialty chemicals company’s stock valued at $278,000 after buying an additional 79 shares in the last quarter. Everett Harris & Co. CA increased its stake in shares of International Flavors & Fragrances by 0.7% in the third quarter. Everett Harris & Co. CA now owns 12,293 shares of the specialty chemicals company’s stock valued at $1,644,000 after buying an additional 80 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of International Flavors & Fragrances by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,997 shares of the specialty chemicals company’s stock valued at $448,000 after buying an additional 96 shares in the last quarter. Institutional investors own 90.37% of the company’s stock.

Shares of IFF traded up $0.03 during mid-day trading on Friday, hitting $145.91. The company’s stock had a trading volume of 19,454 shares, compared to its average volume of 1,132,757. The stock’s 50-day moving average is $146.52 and its two-hundred day moving average is $146.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.99. The firm has a market capitalization of $37.14 billion, a PE ratio of 118.60, a price-to-earnings-growth ratio of 2.97 and a beta of 1.03. International Flavors & Fragrances has a one year low of $109.54 and a one year high of $157.08.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 8th. The specialty chemicals company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.02 billion. International Flavors & Fragrances had a return on equity of 6.96% and a net margin of 2.50%. International Flavors & Fragrances’s revenue was up 142.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. Analysts expect that International Flavors & Fragrances will post 5.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 7th. Shareholders of record on Tuesday, December 28th were paid a dividend of $0.79 per share. The ex-dividend date was Monday, December 27th. This represents a $3.16 annualized dividend and a yield of 2.17%. International Flavors & Fragrances’s dividend payout ratio is currently 256.91%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products.

Featured Story: How a Back-End Load Mutual Fund Works

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.