International Flavors & Fragrances Inc. (IFF), the specialty chemicals company, has received a “Hold” rating from the fourteen analysts currently covering the firm, according to Bloomberg Ratings. Out of these analysts, one has recommended selling the stock, eight have suggested holding onto it, and five have advised buying shares in the company.
The brokers who have issued reports on IFF over the past year have an average 12-month target price of $79.86 for the stock. This indicates that they believe the shares are likely to remain relatively stable in value over that time period.
In terms of recent activity by large investors, some have made adjustments to their holdings in International Flavors & Fragrances. SVB Wealth LLC increased its stake in the company by 4.0% during the first quarter, owning 2,077 shares worth $273,000 after purchasing an additional 79 shares. Covestor Ltd also raised its stake by 48.8%, owning 244 shares worth $32,000 after buying an additional 80 shares. Raymond James Trust N.A., Greenwich Wealth Management LLC, and Penserra Capital Management LLC also increased their stakes slightly in IFF.
Regarding financial matters, International Flavors & Fragrances recently announced a quarterly dividend that will be paid on October 5th. Investors who hold shares as of September 22nd will receive a dividend of $0.81 per share. This corresponds to an annualized dividend of $3.24 and a yield of 4.60%. The ex-dividend date for this payment is September 21st.
It is important to note that International Flavors & Fragrances currently has a negative payout ratio of -37.94%. This means that the company’s dividends exceed its reported earnings at this time.
In conclusion, International Flavors & Fragrances has received a “Hold” rating from analysts and brokers following its recent performance in the market. Large investors have made some adjustments to their holdings in the company. Moreover, IFF has declared a quarterly dividend, although its payout ratio is currently negative. Investors should carefully consider these factors along with their own investment strategies before making any decisions regarding International Flavors & Fragrances stock.
International Flavors & Fragrances Inc.
Updated on: 02/09/2023
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Lisa De Neve
Analysis of International Flavors & Fragrances’ Performance and Potential Challenges
In recent weeks, a number of research analysts have provided their opinions on the stock of International Flavors & Fragrances (IFF), bringing forth varied perspectives on the company’s performance. One such analysis came from Barclays, who downgraded IFF’s price objective from $75.00 to $60.00 and rated the stock as “underweight” in their research note dated August 10th. Mizuho also lowered their price objective, from $105.00 to $70.00, in the same research note.
Bank of America followed suit and reduced their target price for IFF shares from $102.00 to $82.00 on August 10th. Similarly, Citigroup adjusted their target price from $84.00 to $70.00 while maintaining a “neutral” rating for the company in their report issued on August 9th.
Adding to these downgrades, Societe Generale shifted their stance on International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a target price of $80.00 for the company in their report dated August 8th.
On September 1st, shares of IFF opened at $70.45 on the New York Stock Exchange (NYSE). This represents quite a decline considering that over the past year, IFF has fluctuated between its lowest point at $62.11 and its highest peak at $118.97.
While these figures may be puzzling to some investors, it is important to examine various factors that have contributed to this situation for International Flavors & Fragrances. From a financial standpoint, it is worth noting that the company has a quick ratio of 0.93 and a current ratio of 1.64, which indicates its ability to meet short-term obligations with its liquid assets.
Furthermore, with a debt-to-equity ratio of 0.52, IFF seems to have a relatively low level of debt compared to its equity. However, the implications of these financial figures need to be further explored in order to fully comprehend the company’s current state.
International Flavors & Fragrances has faced challenges in the market as reflected by its 50-day simple moving average of $75.63 and its 200-day simple moving average of $83.74. These figures signify a downward trend, reflecting a decline in investor confidence over time.
Looking at IFF’s performance in terms of market capitalization, the company currently stands at $17.98 billion. Furthermore, with a price-to-earnings ratio of -8.25 and a PEG ratio of 5.27, it is evident that investors remain uncertain about International Flavors & Fragrances’ potential for growth and profitability.
In terms of recent financial results, International Flavors & Fragrances reported their earnings per share (EPS) for the quarter ending August 7th. The company fell short of expectations, as they reported $0.86 EPS compared to the consensus estimate of $1.10 EPS – resulting in a negative net margin of 18.34%. On a positive note, International Flavors & Fragrances did manage to generate a return on equity of 5.91%.
The company’s quarterly revenue for this period was $2.90 billion, which did not meet analyst estimates of $3.07 billion. In comparison to the same quarter in the previous year, IFF experienced a decline in revenue by 12.1%.
Considering these recent developments and forecasts from research analysts, it remains uncertain how International Flavors & Fragrances will perform for the rest of the fiscal year. It is projected that the company will post an EPS of 3.3 for this particular period.
Investors and industry observers alike are closely watching how IFF navigates through these challenges and whether or not it can reverse this downward trend in the near future. As the market continues to evolve, it is imperative to closely monitor International Flavors & Fragrances and its actions as it strives to regain investor confidence and stabilize its position within the industry.