International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $98.00 by Analysts at Mizuho

International Flavors & Fragrances (NYSE:IFF) had its price target boosted by Mizuho from $91.00 to $98.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

A number of other analysts also recently weighed in on the stock. Argus downgraded shares of International Flavors & Fragrances from a buy rating to a hold rating in a research report on Friday, March 8th. Stifel Nicolaus lowered their price objective on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a hold rating for the company in a research report on Wednesday, February 21st. StockNews.com upgraded International Flavors & Fragrances from a sell rating to a hold rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft increased their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Finally, Wells Fargo & Company lifted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company an overweight rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $91.06.

International Flavors & Fragrances Trading Up 6.5 %

IFF opened at $94.41 on Tuesday. The firm has a 50 day simple moving average of $83.24 and a 200 day simple moving average of $79.30. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The company has a market cap of $24.10 billion, a price-to-earnings ratio of -9.40, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Winder Pte. Ltd. bought a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth approximately $1,728,544,000. Nordea Investment Management AB raised its stake in shares of International Flavors & Fragrances by 16.3% during the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after purchasing an additional 795,797 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of International Flavors & Fragrances by 7.8% during the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after purchasing an additional 344,377 shares in the last quarter. First Pacific Advisors LP raised its stake in shares of International Flavors & Fragrances by 2.2% during the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after purchasing an additional 87,183 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of International Flavors & Fragrances by 6.1% during the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after purchasing an additional 179,894 shares in the last quarter. Institutional investors 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.