Brokerages Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $90.80

International Flavors & Fragrances Inc. (NYSE:IFF) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $90.4875.

A number of equities analysts recently commented on IFF shares. Oppenheimer raised their target price on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. UBS Group raised their target price on International Flavors & Fragrances from $75.00 to $86.00 in a report on Thursday, May 7th. BNP Paribas Exane raised their target price on International Flavors & Fragrances from $85.00 to $95.00 in a report on Thursday, May 7th. Wells Fargo & Company raised their target price on International Flavors & Fragrances from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Mizuho lifted their price objective on International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th.

International Flavors & Fragrances Stock Up 0.5%

Shares of NYSE:IFF opened at $73.57 on Thursday. The business has a 50-day moving average price of $73.56 and a 200 day moving average price of $71.92. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.89 and a beta of 0.94. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.17. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. Sell-side analysts expect that International Flavors & Fragrances will post 4.57 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 18th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, June 18th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Insider Activity

In related news, Director Paul J. Fribourg acquired 260,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $74.28 per share, for a total transaction of $19,312,800.00. Following the purchase, the director owned 2,682,730 shares of the company’s stock, valued at $199,273,184.40. This represents a 10.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders bought 415,500 shares of company stock valued at $30,276,875. Company insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently made changes to their positions in IFF. Invesco Ltd. boosted its stake in shares of International Flavors & Fragrances by 131.3% in the 3rd quarter. Invesco Ltd. now owns 7,167,176 shares of the specialty chemicals company’s stock valued at $441,068,000 after buying an additional 4,069,075 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $211,703,000. Ameriprise Financial Inc. lifted its stake in International Flavors & Fragrances by 1,842.0% during the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after purchasing an additional 2,363,307 shares during the last quarter. Dodge & Cox lifted its stake in International Flavors & Fragrances by 5.5% during the third quarter. Dodge & Cox now owns 36,972,638 shares of the specialty chemicals company’s stock worth $2,275,296,000 after purchasing an additional 1,925,251 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in International Flavors & Fragrances by 27.5% during the fourth quarter. First Eagle Investment Management LLC now owns 8,831,668 shares of the specialty chemicals company’s stock worth $595,166,000 after purchasing an additional 1,904,598 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.