Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $109.27

International Flavors & Fragrances Inc. (NYSE:IFF) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $109.27.

A number of research firms have recently commented on IFF. Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a report on Tuesday, November 12th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. 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 report on Friday, October 11th. JPMorgan Chase & Co. cut their price target on shares of International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group upped their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th.

International Flavors & Fragrances Stock Down 0.0 %

Shares of International Flavors & Fragrances stock opened at $90.88 on Friday. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a 50 day moving average of $99.07 and a 200 day moving average of $98.33. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $23.24 billion, a P/E ratio of -10.00, a P/E/G ratio of 1.60 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. As a group, research analysts forecast that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total transaction of $458,750.00. Following the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $27,000. Family Firm Inc. purchased a new stake in International Flavors & Fragrances during the second quarter worth about $38,000. Point72 Hong Kong Ltd acquired a new position in International Flavors & Fragrances during the third quarter worth about $42,000. Oakworth Capital Inc. purchased a new position in International Flavors & Fragrances in the third quarter valued at about $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.