Stifel Nicolaus Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $121.00

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by Stifel Nicolaus from $115.00 to $121.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also weighed in on IFF. Wells Fargo & Company boosted their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Citigroup upped their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Mizuho upgraded 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 report on Tuesday, September 3rd. Finally, Barclays upped their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

International Flavors & Fragrances Stock Down 1.0 %

Shares of International Flavors & Fragrances stock opened at $101.45 on Thursday. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of -11.00, a P/E/G ratio of 1.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. International Flavors & Fragrances has a 52-week low of $63.21 and a 52-week high of $106.77. The stock has a 50-day simple moving average of $102.89 and a 200-day simple moving average of $97.28.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $0.86 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts expect that International Flavors & Fragrances will post 4.23 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. This represents a $1.60 annualized dividend and a yield of 1.58%. International Flavors & Fragrances’s dividend payout ratio is currently -17.35%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IFF. Ilex Capital Partners UK LLP raised its stake in International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock worth $72,877,000 after acquiring an additional 656,820 shares in the last quarter. Albar Capital Ltd raised its stake in International Flavors & Fragrances by 73.5% during the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after acquiring an additional 485,433 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of International Flavors & Fragrances by 7.8% in the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after buying an additional 344,377 shares in the last quarter. Swedbank AB acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at $19,945,000. Finally, Smith Group Asset Management LLC acquired a new stake in shares of International Flavors & Fragrances in the third quarter valued at $22,399,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.