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Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $93.43

International Flavors & Fragrances logo with Basic Materials background

Shares of International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $93.43.

Several equities research analysts have recently weighed in on IFF shares. Wells Fargo & Company decreased their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Citigroup increased their target price on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Oppenheimer decreased their target price on shares of International Flavors & Fragrances from $104.00 to $89.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird decreased their target price on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th.

View Our Latest Research Report on IFF

Insider Activity at International Flavors & Fragrances

In related news, Director Mehmood Khan purchased 4,000 shares of International Flavors & Fragrances stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of $75.33 per share, for a total transaction of $301,320.00. Following the transaction, the director owned 4,604 shares in the company, valued at approximately $346,819.32. The trade was a 662.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Stephen N. Landsman purchased 12,000 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The shares were bought at an average price of $77.28 per share, with a total value of $927,360.00. Following the completion of the transaction, the executive vice president owned 12,000 shares in the company, valued at approximately $927,360. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 22,050 shares of company stock worth $1,688,512. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IFF. Jones Financial Companies Lllp increased its stake in shares of International Flavors & Fragrances by 30.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,437 shares of the specialty chemicals company's stock worth $291,000 after purchasing an additional 808 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $32,000. Charles Schwab Investment Management Inc. boosted its position in International Flavors & Fragrances by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,545,718 shares of the specialty chemicals company's stock worth $130,690,000 after acquiring an additional 46,903 shares during the last quarter. Victory Capital Management Inc. boosted its position in International Flavors & Fragrances by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 116,419 shares of the specialty chemicals company's stock worth $9,843,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Assetmark Inc. boosted its position in International Flavors & Fragrances by 13.3% during the fourth quarter. Assetmark Inc. now owns 13,414 shares of the specialty chemicals company's stock worth $1,134,000 after acquiring an additional 1,575 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

International Flavors & Fragrances Stock Performance

NYSE IFF traded down $1.29 during trading hours on Monday, hitting $75.04. The company had a trading volume of 1,158,926 shares, compared to its average volume of 1,532,723. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87. International Flavors & Fragrances has a 1-year low of $65.85 and a 1-year high of $106.77. The company has a market cap of $19.19 billion, a PE ratio of -22.95, a price-to-earnings-growth ratio of 3.39 and a beta of 1.04. The business has a 50 day moving average of $76.20 and a 200-day moving average of $79.06.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. International Flavors & Fragrances's payout ratio is -48.93%.

International Flavors & Fragrances Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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