International Flavors & Fragrances (NYSE:IFF) Given New $111.00 Price Target at UBS Group

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by UBS Group from $108.00 to $111.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company upped their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Barclays raised their price target on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Citigroup raised their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Stifel Nicolaus raised their price target on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $108.47.

International Flavors & Fragrances Stock Up 1.4 %

Shares of IFF traded up $1.25 during mid-day trading on Wednesday, hitting $88.82. 461,987 shares of the company traded hands, compared to its average volume of 1,656,659. International Flavors & Fragrances has a 1-year low of $69.73 and a 1-year high of $106.77. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $22.71 billion, a PE ratio of -9.49, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The business has a 50 day moving average of $102.63 and a 200 day moving average of $98.09.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the company earned $0.89 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that International Flavors & Fragrances will post 4.24 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. International Flavors & Fragrances’s dividend payout ratio is currently -17.35%.

Institutional Investors Weigh In On International Flavors & Fragrances

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank boosted its stake in International Flavors & Fragrances by 0.3% during the 3rd quarter. Swiss National Bank now owns 757,899 shares of the specialty chemicals company’s stock worth $79,526,000 after purchasing an additional 1,900 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in International Flavors & Fragrances by 12.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 12,102 shares of the specialty chemicals company’s stock worth $1,270,000 after purchasing an additional 1,329 shares during the last quarter. Cutler Investment Counsel LLC acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth $200,000. Natixis Advisors LLC boosted its stake in International Flavors & Fragrances by 4.3% during the 3rd quarter. Natixis Advisors LLC now owns 169,226 shares of the specialty chemicals company’s stock worth $17,757,000 after purchasing an additional 6,974 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in International Flavors & Fragrances by 6.5% during the 3rd quarter. Empowered Funds LLC now owns 4,130 shares of the specialty chemicals company’s stock worth $433,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds 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.