International Flavors & Fragrances (NYSE:IFF) Earns Buy Rating from Analysts at Tigress Financial

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

Several other equities analysts also recently weighed in on IFF. Citigroup raised their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Barclays raised International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th. Mizuho lowered their price objective on shares of International Flavors & Fragrances from $95.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus dropped 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 report on Thursday, April 10th. Finally, Morgan Stanley cut their target price 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and an average price target of $93.43.

International Flavors & Fragrances Price Performance

IFF stock traded up $0.51 on Wednesday, reaching $76.97. 662,796 shares of the company's stock were exchanged, compared to its average volume of 1,520,448. The stock has a fifty day moving average of $75.19 and a 200-day moving average of $81.06. The firm has a market cap of $19.69 billion, a PE ratio of 81.88, a P/E/G ratio of 1.45 and a beta of 1.05. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77.

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

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Friday, June 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, June 20th. This represents a $1.60 annualized dividend and a yield of 2.08%. International Flavors & Fragrances's payout ratio is currently -48.93%.

Insiders Place Their Bets

In related news, EVP Stephen N. Landsman acquired 12,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were acquired 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Erik Fyrwald bought 700 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the transaction, the chief executive officer now directly owns 37,770 shares of the company's stock, valued at approximately $2,794,980. The trade was a 1.89% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,050 shares of company stock valued at $1,688,512 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA increased its holdings in shares of International Flavors & Fragrances by 11.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock worth $9,654,000 after buying an additional 11,406 shares during the last quarter. Choreo LLC increased its stake in International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after acquiring an additional 8,728 shares during the last quarter. Regents Gate Capital LLP acquired a new stake in International Flavors & Fragrances during the fourth quarter worth about $6,044,000. Proficio Capital Partners LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at about $8,099,000. Finally, Cibc World Markets Corp grew its holdings in shares of International Flavors & Fragrances by 299.1% during the 4th quarter. Cibc World Markets Corp now owns 138,522 shares of the specialty chemicals company's stock worth $11,712,000 after purchasing an additional 103,810 shares during the period. Institutional investors and hedge funds own 96.02% of the company's stock.

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.