Deutsche Bank AG restated their hold rating on shares of International Flavors & Fragrances Inc. (NYSE:IFF) in a report published on Thursday. They currently have a $137.00 price target on the stock.

IFF has been the topic of several other reports. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and set a $159.00 target price on the stock in a research note on Tuesday, October 4th. Berenberg Bank reiterated a buy rating and issued a $163.40 target price on shares of International Flavors & Fragrances in a research note on Monday, September 26th. JPMorgan Chase & Co. reiterated a buy rating and issued a $153.00 target price on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Argus increased their target price on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the stock a buy rating in a research note on Tuesday, August 16th. Finally, Sanford C. Bernstein assumed coverage on shares of International Flavors & Fragrances in a research note on Monday, September 19th. They issued an outperform rating and a $160.00 target price on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $149.68.

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

Shares of International Flavors & Fragrances (NYSE:IFF) traded up 0.11% during trading on Thursday, hitting $130.35. 87,217 shares of the stock were exchanged. International Flavors & Fragrances has a 52 week low of $97.24 and a 52 week high of $143.64. The stock’s 50 day moving average price is $138.10 and its 200 day moving average price is $129.57. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 24.94 and a beta of 1.03.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, August 8th. The company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. International Flavors & Fragrances had a net margin of 13.52% and a return on equity of 26.66%. The business had revenue of $793.48 million for the quarter, compared to analysts’ expectations of $785.60 million. During the same period in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts predict that International Flavors & Fragrances will post $5.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Monday, September 26th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, September 22nd. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.56. International Flavors & Fragrances’s dividend payout ratio (DPR) is 49.90%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 3,881 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $135.84, for a total value of $527,195.04. Following the sale, the insider now owns 60,016 shares of the company’s stock, valued at approximately $8,152,573.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of International Flavors & Fragrances by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 874 shares of the company’s stock worth $110,000 after buying an additional 4 shares during the period. Veritable L.P. raised its stake in shares of International Flavors & Fragrances by 1.4% in the second quarter. Veritable L.P. now owns 1,975 shares of the company’s stock worth $249,000 after buying an additional 28 shares during the period. Albert D Mason Inc. raised its stake in shares of International Flavors & Fragrances by 0.3% in the second quarter. Albert D Mason Inc. now owns 12,470 shares of the company’s stock worth $1,572,000 after buying an additional 35 shares during the period. Creative Planning raised its stake in shares of International Flavors & Fragrances by 2.8% in the second quarter. Creative Planning now owns 1,383 shares of the company’s stock worth $174,000 after buying an additional 38 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of International Flavors & Fragrances by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 2,039 shares of the company’s stock worth $231,000 after buying an additional 42 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

5 Day Chart for NYSE:IFF

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