UBS Group Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFFFree Report) had its price objective raised by UBS Group from $75.00 to $86.00 in a research report sent to investors on Thursday,MarketScreener reports.

A number of other equities analysts have also recently issued reports on the stock. Argus increased their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Rothschild & Co Redburn upped their price target on International Flavors & Fragrances from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer lifted their price target on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Citigroup upped their price objective on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of “Moderate Buy” and an average price target of $90.99.

Read Our Latest Report on IFF

International Flavors & Fragrances Trading Up 1.2%

Shares of International Flavors & Fragrances stock traded up $0.97 on Thursday, reaching $79.23. 327,283 shares of the company’s stock were exchanged, compared to its average volume of 1,753,960. The company has a market capitalization of $20.23 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.93. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $84.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.49. The firm’s 50-day moving average is $72.71 and its two-hundred day moving average is $70.38.

International Flavors & Fragrances (NYSE:IFFGet Free Report) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.17. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. International Flavors & Fragrances’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. Sell-side analysts predict that International Flavors & Fragrances will post 4.42 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Thursday, June 18th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. International Flavors & Fragrances’s payout ratio is presently -116.79%.

Insider Transactions at International Flavors & Fragrances

In related news, Director Paul J. Fribourg purchased 142,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares of the company’s stock, valued at $169,906,054.90. This represents a 6.23% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. Lloyd Advisory Services LLC. bought a new position in shares of International Flavors & Fragrances during the fourth quarter valued at about $27,000. Root Financial Partners LLC increased its stake in International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 274 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of International Flavors & Fragrances by 42.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

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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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