International Flavors & Fragrances (IFF) – Analysts’ Weekly Ratings Updates

International Flavors & Fragrances (NYSE: IFF) has recently received a number of price target changes and ratings updates:

  • 5/16/2018 – International Flavors & Fragrances was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/14/2018 – International Flavors & Fragrances was downgraded by analysts at JPMorgan Chase from a “neutral” rating to an “underweight” rating.
  • 5/10/2018 – International Flavors & Fragrances was given a new $155.00 price target on by analysts at Sanford C. Bernstein. They now have a “buy” rating on the stock.
  • 5/9/2018 – International Flavors & Fragrances was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “We believe that International Flavors & Fragrances will gain from a growing demand for flavors and fragrances, expanding footholds in emerging markets, innovation of new and improved products, multi-year productivity program and acquired assets. Recently, it agreed to acquire Frutarom, creating a global leader in scent, natural taste and nutrition. Pro-forma revenues in 2018 are projected to be roughly $5.3 billion. Also, in the fourth quarter 2018, the company's earnings surpassed the Zacks Consensus Estimate by 7%. For 2018, the company predicts achieving the upper-end of its previously-issued sales and operating income growth projections of 6-8% and 6.5-8.5%, respectively. However, it is exposed risks arising from higher costs, huge debt level, geopolitical issues and industry competition. In the last three months, the company's shares underperformed the industry while also looks overvalued.”
  • 5/8/2018 – International Flavors & Fragrances was upgraded by analysts at JPMorgan Chase from an “underweight” rating to a “neutral” rating. They now have a $130.00 price target on the stock.
  • 5/8/2018 – International Flavors & Fragrances had its price target lowered by analysts at Stifel Nicolaus to $147.00. They now have a “hold” rating on the stock.
  • 5/8/2018 – International Flavors & Fragrances had its price target lowered by analysts at Deutsche Bank from $135.00 to $124.00. They now have a “hold” rating on the stock.
  • 4/18/2018 – International Flavors & Fragrances was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $159.00 price target on the stock. According to Zacks, “In the last year, International Flavors & Fragrances' shares have outperformed the industry. We believe that the company will gain from a growing demand for flavors and fragrances, expanding footholds in emerging markets and from the innovation of new and improved products in the years ahead. It will also benefit from its multi-year productivity program, enabling it to check costs, make strategic investments and expand businesses globally. For 2018, the company's net sales are anticipated to grow 6-8% and earnings per share to increase 5.5-7.5%.”

Shares of NYSE IFF opened at $125.07 on Friday. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 2.21 and a beta of 1.12. International Flavors & Fragrances, Inc. has a 52-week low of $123.22 and a 52-week high of $125.00. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.75 and a quick ratio of 1.79.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.10. The company had revenue of $930.93 million during the quarter, compared to analyst estimates of $911.57 million. International Flavors & Fragrances had a return on equity of 27.89% and a net margin of 8.83%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. sell-side analysts predict that International Flavors & Fragrances, Inc. will post 6.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Monday, June 25th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, June 22nd. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently 46.86%.

In related news, major shareholder Winder Investment Pte Ltd purchased 23,304 shares of the stock in a transaction on Monday, March 26th. The shares were purchased at an average price of $134.54 per share, with a total value of $3,135,320.16. Following the transaction, the insider now directly owns 10,573,497 shares of the company’s stock, valued at $1,422,558,286.38. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Francisco Fortanet sold 800 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $142.28, for a total value of $113,824.00. Following the transaction, the executive vice president now directly owns 17,582 shares in the company, valued at approximately $2,501,566.96. The disclosure for this sale can be found here. Insiders have bought a total of 780,727 shares of company stock worth $101,953,411 in the last quarter. 0.48% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tiverton Asset Management LLC grew its holdings in International Flavors & Fragrances by 51.4% in the 1st quarter. Tiverton Asset Management LLC now owns 1,214 shares of the specialty chemicals company’s stock valued at $166,000 after buying an additional 412 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its holdings in International Flavors & Fragrances by 6.4% in the 4th quarter. Cape Cod Five Cents Savings Bank now owns 8,031 shares of the specialty chemicals company’s stock worth $1,226,000 after purchasing an additional 486 shares in the last quarter. Empire Life Investments Inc. increased its holdings in International Flavors & Fragrances by 1.6% in the 4th quarter. Empire Life Investments Inc. now owns 30,312 shares of the specialty chemicals company’s stock worth $4,626,000 after purchasing an additional 486 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in International Flavors & Fragrances by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 14,976 shares of the specialty chemicals company’s stock worth $2,285,000 after purchasing an additional 503 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of International Flavors & Fragrances by 7.2% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 7,688 shares of the specialty chemicals company’s stock valued at $1,173,000 after buying an additional 515 shares during the period. 84.03% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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