Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $86.46

International Flavors & Fragrances Inc. (NYSE:IFF) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $86.4563.

A number of research firms have commented on IFF. UBS Group boosted their price target on shares of International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. BNP Paribas Exane reduced their target price on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Citigroup increased their price target on International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Mizuho cut their price objective on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, October 3rd. Finally, Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $73.25 on Friday. The firm has a market capitalization of $18.76 billion, a P/E ratio of -45.22, a P/E/G ratio of 2.77 and a beta of 1.04. The stock has a fifty day moving average price of $67.64 and a two-hundred day moving average price of $66.71. International Flavors & Fragrances has a 52-week low of $59.14 and a 52-week high of $88.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. As a group, analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were given a dividend of $0.40 per share. The ex-dividend date was Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is -98.77%.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently modified their holdings of the stock. True Wealth Design LLC lifted its stake in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares during the period. American National Bank & Trust increased its holdings in International Flavors & Fragrances by 11,975.0% in the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Elkhorn Partners Limited Partnership lifted its stake in International Flavors & Fragrances by 200.0% in the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock valued at $44,000 after buying an additional 400 shares during the period. Geneos Wealth Management Inc. boosted its holdings in 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 worth $46,000 after buying an additional 210 shares during the last quarter. Finally, Eastern Bank grew its position in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 193 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.