International Flavors & Fragrances (NYSE:IFF) Now Covered by Analysts at Tigress Financial

Tigress Financial started coverage on shares of International Flavors & Fragrances (NYSE:IFF - Free Report) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $105.00 price objective on the specialty chemicals company's stock.

Several other brokerages have also issued reports on IFF. 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. Stifel Nicolaus cut 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 report on Thursday, April 10th. Morgan Stanley dropped their price target on shares of International Flavors & Fragrances from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Citigroup upped their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Barclays upgraded shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $93.43.

International Flavors & Fragrances Stock Down 1.4%

International Flavors & Fragrances stock traded down $1.07 during trading hours on Wednesday, hitting $76.40. The stock had a trading volume of 1,272,933 shares, compared to its average volume of 1,520,662. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $19.54 billion, a P/E ratio of 81.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. International Flavors & Fragrances has a 12-month low of $65.85 and a 12-month high of $106.77. The stock's 50-day moving average price is $75.22 and its 200-day moving average price is $81.26.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.08. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.83 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. Equities research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances's dividend payout ratio is currently -48.93%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Stephen N. Landsman bought 12,000 shares of the company's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.28 per share, for a total transaction of $927,360.00. Following the acquisition, the executive vice president now directly owns 12,000 shares in the company, valued at approximately $927,360. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin O'byrne bought 4,500 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $76.05 per share, for a total transaction of $342,225.00. Following the completion of the acquisition, the director now owns 7,696 shares in the company, valued at $585,280.80. This represents a 140.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 22,050 shares of company stock worth $1,688,512 in the last quarter. 0.17% of the stock is owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $32,000. Banque Transatlantique SA purchased a new position in shares of International Flavors & Fragrances in the 1st quarter valued at approximately $32,000. Fairway Wealth LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $34,000. Rialto Wealth Management LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter valued at approximately $42,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances in the 1st quarter valued at approximately $42,000. 96.02% of the stock is currently owned by institutional investors.

International Flavors & Fragrances Company Profile

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.