Citigroup Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $116.00

International Flavors & Fragrances (NYSE:IFF) had its target price hoisted by Citigroup from $108.00 to $116.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also weighed in on the stock. Morgan Stanley raised their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an equal weight rating in a research note on Wednesday, July 3rd. StockNews.com upgraded International Flavors & Fragrances from a sell rating to a hold rating in a research report on Monday, March 25th. UBS Group upped their target price on International Flavors & Fragrances from $95.00 to $100.00 and gave the company a neutral rating in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company a buy rating in a report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a neutral rating to an overweight rating and upped their price objective for the stock from $75.00 to $100.00 in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $97.22.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $98.32 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. International Flavors & Fragrances has a one year low of $62.11 and a one year high of $99.91. The business’s 50 day simple moving average is $96.19 and its two-hundred day simple moving average is $86.75. The stock has a market capitalization of $25.11 billion, a P/E ratio of -10.06, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

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, topping 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 negative net margin of 22.01% and a positive return on equity of 5.78%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. Analysts forecast that International Flavors & Fragrances will post 3.97 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 21st were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

Insiders Place Their Bets

In related news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares of the company’s stock, valued at $816,840.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently added to or reduced their stakes in IFF. Blue Bell Private Wealth Management LLC boosted its position in shares of International Flavors & Fragrances by 3,000.0% during the fourth 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 last quarter. Riverview Trust Co purchased a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at about $27,000. Quent Capital LLC grew its stake in shares of International Flavors & Fragrances by 183.2% in the first 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 period. Turtle Creek Wealth Advisors LLC purchased a new position in shares of International Flavors & Fragrances during the fourth quarter valued at approximately $41,000. Finally, Principal Securities Inc. purchased a new stake in International Flavors & Fragrances in the fourth quarter worth approximately $43,000. 96.02% of the stock is currently 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.