International Flavors & Fragrances Inc. (NYSE:IFF) Receives Consensus Rating of “Hold” from Analysts

Shares of International Flavors & Fragrances Inc. (NYSE:IFF) have been assigned a consensus rating of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $86.35.

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Wolfe Research assumed coverage on International Flavors & Fragrances in a report on Friday, March 1st. They issued an “underperform” rating for the company. Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a report on Wednesday, February 21st. UBS Group lifted their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

International Flavors & Fragrances Price Performance

IFF stock opened at $82.85 on Friday. International Flavors & Fragrances has a 52-week low of $62.11 and a 52-week high of $97.49. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $81.47 and a two-hundred day moving average of $77.19. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of -8.25, a price-to-earnings-growth ratio of 1.84 and a beta of 1.23.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. As a group, research analysts anticipate that International Flavors & Fragrances will post 3.69 earnings per share for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is -15.94%.

Institutional Trading of International Flavors & Fragrances

Several institutional investors and hedge funds have recently made changes to their positions in the company. S.E.E.D. Planning Group LLC lifted its holdings in shares of International Flavors & Fragrances by 72.9% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 7,265 shares of the specialty chemicals company’s stock valued at $625,000 after purchasing an additional 3,062 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of International Flavors & Fragrances by 14.0% in the 1st quarter. 180 Wealth Advisors LLC now owns 21,689 shares of the specialty chemicals company’s stock valued at $1,865,000 after purchasing an additional 2,656 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $86,000. Riverview Trust Co acquired a new position in International Flavors & Fragrances in the 1st quarter valued at about $27,000. Finally, CHICAGO TRUST Co NA increased its position in International Flavors & Fragrances by 86.0% in the 1st quarter. CHICAGO TRUST Co NA now owns 7,588 shares of the specialty chemicals company’s stock valued at $652,000 after acquiring an additional 3,509 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.