International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Recommendation of "Moderate Buy" from Analysts

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $93.43.

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Bank of America cut their target price on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Cfra downgraded International Flavors & Fragrances from a "buy" rating to a "sell" rating and set a $77.00 price objective on the stock. in a report on Thursday, February 20th. Finally, Mizuho decreased their target price on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th.

Insider Activity

In other news, EVP Stephen N. Landsman acquired 12,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were purchased at an average cost of $77.28 per share, with a total value of $927,360.00. Following the completion of the purchase, the executive vice president now owns 12,000 shares of the company's stock, valued at $927,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Beril Yildiz sold 2,400 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $77.33, for a total value of $185,592.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,321 shares in the company, valued at $256,812.93. The trade was a 41.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 22,050 shares of company stock worth $1,688,512. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IFF. SBI Securities Co. Ltd. bought a new position in shares of International Flavors & Fragrances in the fourth quarter worth about $32,000. Banque Transatlantique SA acquired a new position in shares of International Flavors & Fragrances during the first quarter valued at $32,000. Fairway Wealth LLC acquired a new stake in International Flavors & Fragrances in the fourth quarter worth about $34,000. Rialto Wealth Management LLC bought a new stake in International Flavors & Fragrances during the 4th quarter worth about $42,000. Finally, Zions Bancorporation National Association UT acquired a new position in International Flavors & Fragrances during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 96.02% of the company's stock.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF traded down $2.32 on Thursday, reaching $76.05. 1,058,307 shares of the company traded hands, compared to its average volume of 1,521,536. The stock has a market capitalization of $19.45 billion, a PE ratio of 80.90, a P/E/G ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company's 50 day moving average is $75.68 and its 200-day moving average is $80.62. International Flavors & Fragrances has a fifty-two week low of $65.85 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. International Flavors & Fragrances's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.13 EPS. As a group, analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -48.93%.

About International Flavors & Fragrances

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.