International Flavors & Fragrances (NYSE:IFF) Upgraded by Vertical Research to Buy Rating

Vertical Research upgraded shares of International Flavors & Fragrances (NYSE:IFF) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat reports. Vertical Research currently has $109.00 price objective on the specialty chemicals company’s stock.

A number of other research analysts also recently weighed in on IFF. Barclays upped their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Mizuho upgraded shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $109.00 to $120.00 in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Wells Fargo & Company upped their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, UBS Group increased their price objective on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.80.

International Flavors & Fragrances Trading Up 1.3 %

IFF traded up $1.17 on Thursday, hitting $92.13. The company had a trading volume of 1,359,283 shares, compared to its average volume of 1,669,173. The company has a market cap of $23.55 billion, a PE ratio of -9.87, a PEG ratio of 1.77 and a beta of 1.22. International Flavors & Fragrances has a 12-month low of $69.73 and a 12-month high of $106.77. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $102.40 and its 200 day simple moving average is $98.04.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. Equities research analysts expect that International Flavors & Fragrances will post 4.24 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is -17.35%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in International Flavors & Fragrances in the 3rd quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at $38,000. Larson Financial Group LLC increased its holdings in International Flavors & Fragrances by 5,050.0% in the first quarter. Larson Financial Group LLC now owns 515 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 505 shares during the period. Oakworth Capital Inc. acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth about $44,000. Finally, Eastern Bank acquired a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at about $46,000. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.