International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $117.00

International Flavors & Fragrances (NYSE:IFF) had its price target hoisted by Oppenheimer from $116.00 to $117.00 in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

Several other analysts have also recently issued reports on IFF. JPMorgan Chase & Co. increased their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an overweight rating in a research report on Friday, September 6th. Mizuho upgraded shares of International Flavors & Fragrances from a neutral rating to an outperform rating and boosted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an overweight rating in a research note on Thursday, August 8th. Citigroup raised their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a buy rating in a report on Friday, July 12th. Finally, Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and upped their target price for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $103.87.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $103.59 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. International Flavors & Fragrances has a twelve month low of $62.28 and a twelve month high of $105.30. The stock has a market capitalization of $26.45 billion, a PE ratio of -10.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.22. The firm’s 50 day moving average price is $99.19 and its 200-day moving average price is $92.74.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts expect that International Flavors & Fragrances will post 4.23 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.54%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Bayesian Capital Management LP purchased a new stake in shares of International Flavors & Fragrances during the fourth quarter valued at about $9,316,000. Clearfield Capital Management LP purchased a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $28,771,000. Price T Rowe Associates Inc. MD boosted its position in shares of International Flavors & Fragrances by 19.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,733,402 shares of the specialty chemicals company’s stock worth $140,355,000 after purchasing an additional 280,069 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in International Flavors & Fragrances by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 68,751 shares of the specialty chemicals company’s stock worth $5,567,000 after buying an additional 2,514 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of International Flavors & Fragrances by 77.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 31,629 shares of the specialty chemicals company’s stock valued at $2,561,000 after acquiring an additional 13,786 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

About International Flavors & Fragrances

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.