International Flavors & Fragrances (NYSE:IFF) Rating Increased to Overweight at Morgan Stanley

Morgan Stanley upgraded shares of International Flavors & Fragrances (NYSE:IFF) from an equal weight rating to an overweight rating in a research note released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has $110.00 target price on the specialty chemicals company’s stock, down from their previous target price of $111.00.

IFF has been the topic of a number of other research reports. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. dropped their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. UBS Group upped their price objective on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances Trading Down 2.0 %

NYSE:IFF opened at $89.43 on Tuesday. International Flavors & Fragrances has a twelve month low of $69.73 and a twelve month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $101.62 and a two-hundred day moving average price of $98.36.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the company earned $0.89 EPS. The company’s revenue was up 3.7% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances will post 4.21 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.79%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.60%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the sale, the insider now directly owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. grew its stake in International Flavors & Fragrances by 55.4% in the first quarter. Sei Investments Co. now owns 101,015 shares of the specialty chemicals company’s stock valued at $8,686,000 after acquiring an additional 36,026 shares during the period. Kimelman & Baird LLC acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $868,000. GM Advisory Group LLC purchased a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $686,000. CANADA LIFE ASSURANCE Co boosted its position in shares of International Flavors & Fragrances by 9.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock valued at $22,002,000 after buying an additional 22,398 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of International Flavors & Fragrances by 69.5% during the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company’s stock valued at $4,880,000 after buying an additional 23,278 shares during the last quarter. Institutional investors and hedge funds 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.