Robert W. Baird Issues Pessimistic Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target trimmed by Robert W. Baird from $110.00 to $100.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently weighed in on IFF. Bank of America dropped their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Citigroup cut their target price on shares of International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $82.00 to $83.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley cut their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.69.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock opened at $73.46 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The company has a market cap of $18.79 billion, a P/E ratio of 78.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. International Flavors & Fragrances has a fifty-two week low of $65.85 and a fifty-two week high of $106.77. The firm’s 50 day simple moving average is $76.39 and its 200-day simple moving average is $83.55.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities research analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio is currently -48.93%.

Insiders Place Their Bets

In other International Flavors & Fragrances news, CEO J Erik Fyrwald purchased 700 shares of the business’s stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $74.00 per share, for a total transaction of $51,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 37,770 shares in the company, valued at $2,794,980. This represents a 1.89 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin O’byrne acquired 6,500 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now owns 6,500 shares of the company’s stock, valued at $522,860. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $32,000. Fairway Wealth LLC bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $34,000. Rialto Wealth Management LLC acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter worth approximately $42,000. Principal Securities Inc. increased its position in shares of International Flavors & Fragrances by 36.6% during the fourth quarter. Principal Securities Inc. now owns 638 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 171 shares during the period. Finally, Mather Group LLC. lifted its position in International Flavors & Fragrances by 179.9% in the first quarter. Mather Group LLC. now owns 655 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 421 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.