International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $68.00

International Flavors & Fragrances (NYSE:IFF) had its target price increased by UBS Group from $66.00 to $68.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

IFF has been the topic of several other research reports. Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a report on Thursday, August 7th. BNP Paribas lowered their target price on International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Bank of America decreased their price target on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Citigroup cut their price objective on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $85.02.

International Flavors & Fragrances Trading Down 1.6%

Shares of IFF opened at $61.87 on Thursday. The firm has a market capitalization of $15.86 billion, a P/E ratio of -39.92, a PEG ratio of 2.54 and a beta of 1.04. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $63.31 and its two-hundred day moving average is $70.16. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $93.08.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.03. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.International Flavors & Fragrances’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. On average, research analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -98.77%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of International Flavors & Fragrances in the 1st quarter valued at about $32,000. True Wealth Design LLC increased its holdings in International Flavors & Fragrances by 896.4% in the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 493 shares in the last quarter. American National Bank & Trust lifted its stake in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of International Flavors & Fragrances in the first quarter valued at about $42,000. Finally, Elkhorn Partners Limited Partnership lifted its position in International Flavors & Fragrances by 200.0% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.