International Flavors & Fragrances (NYSE:IFF) PT Raised to $99.00

International Flavors & Fragrances (NYSE:IFF) had its price target raised by Barclays from $93.00 to $99.00 in a report released on Friday, Benzinga reports. They currently have an equal weight rating on the specialty chemicals company’s stock.

Several other analysts have also issued reports on IFF. Morgan Stanley boosted their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the company an equal weight rating in a report on Wednesday, July 3rd. Citigroup boosted their price objective on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a buy rating in a research report on Friday, July 12th. Oppenheimer boosted their price objective on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an outperform rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price objective on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an overweight rating in a research report on Friday, September 6th. Finally, UBS Group lowered their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a neutral rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $107.43.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $105.14 on Friday. The stock has a 50-day simple moving average of $101.54 and a two-hundred day simple moving average of $96.16. International Flavors & Fragrances has a 52-week low of $63.21 and a 52-week high of $105.96. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The firm has a market capitalization of $26.85 billion, a PE ratio of -10.76, a P/E/G ratio of 1.82 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. International Flavors & Fragrances’s revenue for the quarter was down 1.4% on a year-over-year basis. Analysts forecast that International Flavors & Fragrances will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of International Flavors & Fragrances by 19.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock valued at $140,355,000 after buying an additional 280,069 shares during the last quarter. Douglas Lane & Associates LLC grew its stake in shares of International Flavors & Fragrances by 7.4% during the first quarter. Douglas Lane & Associates LLC now owns 957,790 shares of the specialty chemicals company’s stock valued at $82,360,000 after buying an additional 65,881 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of International Flavors & Fragrances by 23.6% during the first quarter. BNP Paribas Financial Markets now owns 263,720 shares of the specialty chemicals company’s stock valued at $22,677,000 after buying an additional 50,405 shares during the last quarter. Norden Group LLC grew its stake in shares of International Flavors & Fragrances by 313.1% during the first quarter. Norden Group LLC now owns 10,678 shares of the specialty chemicals company’s stock valued at $919,000 after buying an additional 8,093 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of International Flavors & Fragrances by 55.4% during the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after buying an additional 36,026 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.