Investment Analysts’ Recent Ratings Changes for International Flavors & Fragrances (IFF)

A number of research firms have changed their ratings and price targets for International Flavors & Fragrances (NYSE: IFF):

• 11/12/2024 – International Flavors & Fragrances was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating. They now have a $110.00 price target on the stock, down previously from $111.00.
• 11/8/2024 – International Flavors & Fragrances was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $107.00 price target on the stock.
• 11/7/2024 – International Flavors & Fragrances had its price target lowered by analysts at JPMorgan Chase & Co. from $110.00 to $107.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – International Flavors & Fragrances was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating. They now have a $109.00 price target on the stock.
• 11/6/2024 – International Flavors & Fragrances had its price target raised by analysts at UBS Group AG from $108.00 to $111.00. They now have a “neutral” rating on the stock.
• 10/24/2024 – International Flavors & Fragrances had its price target raised by analysts at Stifel Nicolaus from $115.00 to $121.00. They now have a “buy” rating on the stock.
• 10/11/2024 – International Flavors & Fragrances had its price target raised by analysts at Barclays PLC from $93.00 to $99.00. They now have an “equal weight” rating on the stock.

International Flavors & Fragrances Stock Performance

IFF stock traded up $0.42 during mid-day trading on Wednesday, reaching $89.85. The company had a trading volume of 1,075,387 shares, compared to its average volume of 1,675,261. The stock has a market capitalization of $22.97 billion, a P/E ratio of -9.88, a P/E/G ratio of 1.57 and a beta of 1.22. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances Inc. has a one year low of $72.50 and a one year high of $106.77. The stock’s 50-day simple moving average is $101.62 and its two-hundred day simple moving average is $98.36.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. International Flavors & Fragrances’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. Research analysts anticipate that International Flavors & Fragrances Inc. will post 4.19 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Pacific Advisors LP boosted its stake in International Flavors & Fragrances by 2.0% in the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after purchasing an additional 80,558 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in International Flavors & Fragrances by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after purchasing an additional 162,179 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in International Flavors & Fragrances by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in International Flavors & Fragrances by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,815 shares of the specialty chemicals company’s stock worth $157,271,000 after purchasing an additional 16,590 shares in the last quarter. Finally, Albar Capital Ltd boosted its stake in International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

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.