Internationa Flavors & Fragrances, Inc. (IFF) Rating Lowered to Underweight at Barclays PLC

Internationa Flavors & Fragrances, Inc. (NYSE:IFF) was downgraded by equities researchers at Barclays PLC from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Monday. They currently have a $103.00 target price on the stock, down from their previous target price of $133.00. Barclays PLC’s price objective would indicate a potential downside of 10.81% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $159.00 price objective on the stock in a research note on Tuesday, October 4th. Berenberg Bank restated a “buy” rating and set a $163.40 price objective on shares of Internationa Flavors & Fragrances in a research note on Monday, September 26th. Stifel Nicolaus cut their price objective on shares of Internationa Flavors & Fragrances from $140.00 to $121.00 and set a “hold” rating on the stock in a research note on Tuesday, November 8th. Deutsche Bank AG restated a “hold” rating and set a $137.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Thursday, October 13th. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Internationa Flavors & Fragrances in a research note on Monday, November 21st. They set a “neutral” rating and a $121.50 price objective on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $136.99.

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

Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.12% during midday trading on Monday, hitting $115.62. 208,183 shares of the company’s stock traded hands. The company has a market capitalization of $9.18 billion, a PE ratio of 23.00 and a beta of 1.06. The company has a 50 day moving average of $119.58 and a 200-day moving average of $129.64. Internationa Flavors & Fragrances has a 52 week low of $97.24 and a 52 week high of $143.64.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by $0.08. Internationa Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The company had revenue of $777 million for the quarter, compared to the consensus estimate of $785.05 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. Internationa Flavors & Fragrances’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts predict that Internationa Flavors & Fragrances will post $5.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Wednesday, December 28th were given a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Friday, December 23rd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 51.82%.

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In other Internationa Flavors & Fragrances news, insider Nicolas Mirzayantz sold 2,945 shares of the business’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $118.48, for a total value of $348,923.60. Following the sale, the insider now directly owns 54,126 shares in the company, valued at $6,412,848.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of IFF. ING Groep NV boosted its position in shares of Internationa Flavors & Fragrances by 55.3% in the second quarter. ING Groep NV now owns 2,802 shares of the company’s stock worth $353,000 after buying an additional 998 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Internationa Flavors & Fragrances by 17.9% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,971 shares of the company’s stock worth $375,000 after buying an additional 450 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Internationa Flavors & Fragrances by 80.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 10,213 shares of the company’s stock worth $1,288,000 after buying an additional 4,559 shares in the last quarter. Strs Ohio boosted its position in shares of Internationa Flavors & Fragrances by 18.7% in the second quarter. Strs Ohio now owns 9,063 shares of the company’s stock worth $1,142,000 after buying an additional 1,430 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Internationa Flavors & Fragrances during the second quarter worth $2,808,000. 75.61% of the stock is currently owned by hedge funds and other institutional investors.

Internationa 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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