International Flavors & Fragrances Inc. (NYSE:IFF) Given Average Recommendation of “Hold” by Brokerages

International Flavors & Fragrances Inc. (NYSE:IFF) has received an average rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $87.65.

Several research firms recently commented on IFF. Deutsche Bank Aktiengesellschaft raised their target price on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 20th. UBS Group upped their price objective on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Robert W. Baird lifted their price target on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. StockNews.com upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Mizuho raised their price objective on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday.

International Flavors & Fragrances Stock Up 6.5 %

Shares of IFF stock opened at $94.41 on Wednesday. The stock’s 50-day simple moving average is $83.24 and its 200-day simple moving average is $79.30. 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 firm has a market capitalization of $24.10 billion, a PE ratio of -9.40, a P/E/G ratio of 1.94 and a beta of 1.21. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company’s revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. Equities analysts expect that International Flavors & Fragrances will post 3.68 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -15.94%.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC raised its position in International Flavors & Fragrances by 3,000.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Riverview Trust Co purchased a new stake in International Flavors & Fragrances in the first quarter valued at $27,000. Quent Capital LLC raised its holdings in shares of International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 240 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $41,000. Finally, Principal Securities Inc. purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.