International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $110.00 by Analysts at Robert W. Baird

International Flavors & Fragrances (NYSE:IFF) had its price target lifted by Robert W. Baird from $100.00 to $110.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Several other equities research analysts have also issued reports on IFF. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a neutral rating to an overweight rating and increased their target price for the stock from $75.00 to $100.00 in a report on Wednesday. Argus cut shares of International Flavors & Fragrances from a buy rating to a hold rating in a research note on Friday, March 8th. Morgan Stanley lifted their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an overweight rating in a research note on Wednesday, March 27th. Barclays upgraded International Flavors & Fragrances from an underweight rating to an equal weight rating in a research note on Thursday, April 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a buy rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $93.18.

International Flavors & Fragrances Trading Down 0.3 %

Shares of International Flavors & Fragrances stock opened at $96.92 on Wednesday. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $97.48. The company’s fifty day simple moving average is $83.72 and its 200-day simple moving average is $79.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $24.75 billion, a PE ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21.

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

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Hedge Funds Weigh In On International Flavors & Fragrances

Institutional investors and hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC raised its holdings in International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 300 shares during the period. Riverview Trust Co purchased a new stake in shares of International Flavors & Fragrances in the first quarter valued at $27,000. Quent Capital LLC lifted its holdings in shares of International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 240 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances during the 4th quarter worth about $41,000. Finally, Principal Securities Inc. purchased a new stake in International Flavors & Fragrances in the 4th quarter worth about $43,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.