International Flavors & Fragrances (NYSE:IFF) Given New $95.00 Price Target at BNP Paribas Exane

International Flavors & Fragrances (NYSE:IFFFree Report) had its price target raised by BNP Paribas Exane from $85.00 to $95.00 in a report released on Thursday,MarketScreener reports.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Argus lifted their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Weiss Ratings upgraded International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday. UBS Group raised their price target on International Flavors & Fragrances from $75.00 to $86.00 in a research report on Thursday. Finally, Oppenheimer lifted their price target on International Flavors & Fragrances from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus price target of $90.99.

Read Our Latest Stock Report on IFF

International Flavors & Fragrances Price Performance

IFF traded up $0.97 during midday trading on Thursday, hitting $79.23. The stock had a trading volume of 327,283 shares, compared to its average volume of 1,753,960. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year 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 business has a fifty day moving average of $72.71 and a 200 day moving average of $70.38. The company has a market cap 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 (NYSE:IFFGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.08 by $0.17. International Flavors & Fragrances had a net margin of 7.78% and a return on equity of 7.65%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same period last year, the firm posted $1.20 earnings per share. The business’s revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts forecast that International Flavors & Fragrances will post 4.42 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

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

Insiders Place Their Bets

In other International Flavors & Fragrances news, Director Paul J. Fribourg acquired 142,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were purchased at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the transaction, the director owned 2,422,730 shares in the company, valued at $169,906,054.90. This represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently added to or reduced their stakes in IFF. Lloyd Advisory Services LLC. purchased a new position in International Flavors & Fragrances during the 4th quarter valued at $27,000. Root Financial Partners LLC lifted its position in shares of 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 worth $40,000 after purchasing an additional 274 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in shares of International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 610 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in International Flavors & Fragrances by 42.8% in the fourth 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 in the last quarter. 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

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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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