International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $95.00

International Flavors & Fragrances (NYSE:IFF) had its target price increased by UBS Group from $91.00 to $95.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of International Flavors & Fragrances from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Vertical Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a research report on Thursday, August 6th. Barclays lifted their price objective on International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. KeyCorp initiated coverage on shares of International Flavors & Fragrances in a report on Thursday, September 10th. They set a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of International Flavors & Fragrances from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $95.05.

International Flavors & Fragrances Stock Down 4.2%

IFF stock opened at $82.78 on Thursday. International Flavors & Fragrances has a twelve month low of $61.72 and a twelve month high of $95.27. The company has a quick ratio of 1.72, a current ratio of 1.87 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $87.09 and its 200-day moving average is $78.98. The firm has a market capitalization of $20.73 billion, a PE ratio of 116.58, a P/E/G ratio of 3.56 and a beta of 0.86.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 3rd. The specialty chemicals company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.02. International Flavors & Fragrances had a return on equity of 6.82% and a net margin of 1.97%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. International Flavors & Fragrances’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that International Flavors & Fragrances will post 3.23 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Saturday, December 19th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio is 225.35%.

International Flavors & Fragrances declared that its Board of Directors has approved a stock repurchase plan on Tuesday, August 4th that permits the company to buy back $2.50 billion in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 12.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IFF. First Command Advisory Services Inc. raised its stake in shares of International Flavors & Fragrances by 155.5% during the third quarter. First Command Advisory Services Inc. now owns 396 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 241 shares in the last quarter. Root Financial Partners LLC boosted its stake 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 valued at $40,000 after purchasing an additional 274 shares in the last quarter. Heritage Family Offices LLP purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at $54,000. Parkside Financial Bank & Trust grew its holdings in shares of International Flavors & Fragrances by 27.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 154 shares during the last quarter. Finally, Westpac Banking Corp bought a new position in shares of International Flavors & Fragrances during the 2nd quarter valued at $91,000. 96.02% of the stock is currently owned by institutional investors.

Trending Headlines about International Flavors & Fragrances

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

• Positive Sentiment: Citigroup raised its price target to $105 from $100 and reiterated “buy,” while JPMorgan lifted its target to $95 from $92 and maintained “overweight.” Citigroup coverage JPMorgan coverage
• Positive Sentiment: Barclays lowered its target slightly, from $105 to $103, but retained its “overweight” rating, signaling continued confidence in potential upside. Barclays recommendations
• Neutral Sentiment: UBS raised its price target from $91 to $95 but kept a “neutral” rating. UBS coverage
• Neutral Sentiment: IFF’s latest reported quarter beat estimates, with earnings of $0.83 per share versus $0.81 expected and revenue of $1.94 billion versus $1.91 billion expected. However, earnings were below the year-ago quarter’s $1.05 per share. Earnings analysis
• Negative Sentiment: Bank of America downgraded IFF from “buy” to “underperform,” despite setting a $91 price target. The rating change is the clearest negative catalyst among the recent analyst updates. Bank of America recommendations

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE: IFF) develops ingredients and solutions used by manufacturers in food and beverages, fragrances, personal care, home care, health and wellness, and other consumer products. Its offerings include flavors, fragrance compounds, enzymes, cultures, probiotics, and specialty food ingredients.

The company works with customers to create and improve products, including by enhancing taste and scent, supporting product performance, and developing ingredients for nutrition and wellness applications.