International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $80.00

International Flavors & Fragrances (NYSE:IFFFree Report) had its target price upped by Argus from $70.00 to $80.00 in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also weighed in on IFF. Citigroup raised their price objective on shares of International Flavors & Fragrances from $77.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas Exane decreased their price target on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. Bank of America raised their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Finally, UBS Group upped their price target on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.46.

Check Out Our Latest Research Report on IFF

International Flavors & Fragrances Price Performance

IFF stock opened at $73.25 on Thursday. The business’s 50-day moving average is $67.64 and its two-hundred day moving average is $66.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market capitalization of $18.76 billion, a P/E ratio of -45.22, a P/E/G ratio of 2.75 and a beta of 1.04. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $88.09.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The business’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. Analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 19th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is currently -98.77%.

Institutional Investors Weigh In On International Flavors & Fragrances

Large investors have recently modified their holdings of the stock. American National Bank & Trust grew its position in International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Elkhorn Partners Limited Partnership increased its stake in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares during the period. Finally, Eastern Bank raised its holdings in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances News Roundup

Here are the key news stories impacting International Flavors & Fragrances this week:

International Flavors & Fragrances Company Profile

(Get Free Report)

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.

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

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