Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) PT at $86.35

International Flavors & Fragrances Inc. (NYSE:IFF) has received a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $86.35.

A number of analysts recently commented on the company. Barclays raised their price target on International Flavors & Fragrances from $69.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Robert W. Baird raised their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Wells Fargo & Company raised their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a research report on Wednesday, February 21st. Finally, Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th.

Institutional Investors Weigh In On International Flavors & Fragrances

Several large investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its position in International Flavors & Fragrances by 196.9% in the third quarter. Fifth Third Bancorp now owns 13,882 shares of the specialty chemicals company’s stock worth $946,000 after purchasing an additional 9,206 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in International Flavors & Fragrances by 93.6% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 85,140 shares of the specialty chemicals company’s stock worth $6,894,000 after purchasing an additional 41,173 shares during the last quarter. Comerica Bank purchased a new position in International Flavors & Fragrances in the third quarter worth about $4,171,000. CWM LLC boosted its position in International Flavors & Fragrances by 195.8% in the third quarter. CWM LLC now owns 4,972 shares of the specialty chemicals company’s stock worth $339,000 after purchasing an additional 3,291 shares during the last quarter. Finally, Czech National Bank lifted its position in shares of International Flavors & Fragrances by 47.7% during the 3rd quarter. Czech National Bank now owns 44,613 shares of the specialty chemicals company’s stock valued at $3,041,000 after buying an additional 14,416 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $82.85 on Friday. The firm has a market cap of $21.15 billion, a PE ratio of -8.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The business has a 50 day moving average price of $81.47 and a 200-day moving average price of $77.19.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 EPS. Equities research analysts predict that International Flavors & Fragrances will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.60 annualized dividend and a yield of 1.93%. International Flavors & Fragrances’s payout ratio is -15.94%.

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.