Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) PT at $92.54

International Flavors & Fragrances Inc. (NYSE:IFF) has received an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $92.54.

A number of analysts have recently issued reports on IFF shares. Stifel Nicolaus lowered their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a report on Thursday, February 20th. Citigroup increased their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, Barclays raised shares of International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th.

International Flavors & Fragrances Trading Up 0.6%

Shares of IFF stock opened at $77.84 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $19.91 billion, a P/E ratio of 82.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. The firm’s fifty day simple moving average is $75.82 and its 200 day simple moving average is $82.36. International Flavors & Fragrances has a 1 year low of $65.85 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. As a group, sell-side analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.06%. International Flavors & Fragrances’s payout ratio is -48.93%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $80.44 per share, with a total value of $522,860.00. Following the purchase, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer now owns 3,321 shares in the company, valued at approximately $256,812.93. This represents a 41.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 24,050 shares of company stock worth $1,869,147. 0.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the 4th quarter worth $32,000. Banque Transatlantique SA bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $32,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at about $34,000. Rialto Wealth Management LLC acquired a new position in International Flavors & Fragrances during the fourth quarter valued at approximately $42,000. Finally, Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances during the first quarter valued at approximately $42,000. 96.02% of the stock is owned by institutional investors.

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 industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.