Analysts Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $107.86

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $107.86.

A number of analysts have commented on the company. Wells Fargo & Company lifted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Barclays upped their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Citigroup lifted their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. UBS Group dropped their target price on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IFF. Pictet North America Advisors SA boosted its stake in shares of International Flavors & Fragrances by 3.1% in the third quarter. Pictet North America Advisors SA now owns 3,275 shares of the specialty chemicals company’s stock worth $344,000 after acquiring an additional 99 shares during the period. Integrated Advisors Network LLC boosted its stake in International Flavors & Fragrances by 1.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,720 shares of the specialty chemicals company’s stock worth $600,000 after purchasing an additional 107 shares during the period. CWM LLC grew its holdings in International Flavors & Fragrances by 1.7% during the 3rd quarter. CWM LLC now owns 6,540 shares of the specialty chemicals company’s stock valued at $686,000 after buying an additional 109 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of International Flavors & Fragrances by 5.0% during the second quarter. Summit Trail Advisors LLC now owns 2,471 shares of the specialty chemicals company’s stock valued at $236,000 after buying an additional 117 shares during the last quarter. Finally, Orca Investment Management LLC lifted its holdings in shares of International Flavors & Fragrances by 0.6% in the third quarter. Orca Investment Management LLC now owns 21,266 shares of the specialty chemicals company’s stock worth $2,231,000 after buying an additional 122 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.5 %

Shares of NYSE:IFF opened at $98.90 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $103.00 and a two-hundred day simple moving average of $97.74. International Flavors & Fragrances has a 12-month low of $68.45 and a 12-month high of $106.77. The stock has a market capitalization of $25.28 billion, a price-to-earnings ratio of -10.73, a PEG ratio of 1.80 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. International Flavors & Fragrances’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. On average, research analysts anticipate that International Flavors & Fragrances will post 4.24 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. International Flavors & Fragrances’s payout ratio is -17.35%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.