International Flavors & Fragrances Inc. (NYSE:IFF) Stock Has Consensus Target Price of $91.40

by · The Markets Daily

International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $91.40.

A number of research analysts have recently commented on IFF shares. Weiss Ratings lowered International Flavors & Fragrances from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. UBS Group upped their target price on International Flavors & Fragrances from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Vertical Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a report on Thursday, August 6th. Argus lifted their price target on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Benchmark boosted their price objective on shares of International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.

Get Our Latest Research Report on International Flavors & Fragrances

Insider Buying and Selling at International Flavors & Fragrances

In other news, CAO Marc Birenkrant sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the sale, the chief accounting officer directly owned 3,446 shares of the company’s stock, valued at approximately $292,910. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $83.19, for a total transaction of $475,680.42. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,543 shares of company stock worth $1,315,659 over the last ninety days. Company insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC increased its position in shares of International Flavors & Fragrances by 97.9% during the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 274 shares during the period. Parkside Financial Bank & Trust boosted its stake in International Flavors & Fragrances by 27.9% during the second quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock worth $56,000 after buying an additional 154 shares in the last quarter. Westpac Banking Corp bought a new stake in International Flavors & Fragrances in the 2nd quarter valued at $91,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at $148,000. Finally, Global Retirement Partners LLC bought a new position in shares of International Flavors & Fragrances during the 2nd quarter worth about $157,000. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Down 0.7%

IFF stock opened at $82.53 on Wednesday. The firm has a market cap of $21.06 billion, a PE ratio of 75.71, a PEG ratio of 3.23 and a beta of 0.91. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $89.32. The company has a fifty day simple moving average of $84.15 and a 200 day simple moving average of $77.99. The company has a current ratio of 2.06, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

International Flavors & Fragrances (NYSE:IFF – Get Free Report) last posted its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.25). International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $1.15 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that International Flavors & Fragrances will post 3.08 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is 146.79%.

International Flavors & Fragrances declared that its board has authorized a share buyback program on Tuesday, August 4th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the specialty chemicals company to buy up to 12.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About International Flavors & Fragrances

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients and solutions used in food, beverages, personal care products, fragrances, household products, pharmaceuticals and other consumer goods. The company works with manufacturers to create flavors, fragrances, functional ingredients and sensory experiences for products sold under consumer brands.

IFF’s portfolio includes natural and synthetic flavor compounds, fragrance ingredients, specialty ingredients, food texturants, enzymes, cultures, probiotics and pharmaceutical excipients.

See Also