International Flavors & Fragrances (NYSE:IFF) Price Target Cut to $88.00 by Analysts at Oppenheimer

International Flavors & Fragrances (NYSE:IFF) had its price target decreased by Oppenheimer from $97.00 to $88.00 in a research report sent to investors on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the specialty chemicals company’s stock.

A number of other analysts have also weighed in on IFF. BNP Paribas Exane lowered their target price on International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, April 7th. UBS Group lowered their target price on International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Barclays lowered their price objective on International Flavors & Fragrances from $91.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Berenberg Bank lowered their price objective on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating for the company in a research report on Thursday, February 5th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.50.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF opened at $71.13 on Wednesday. International Flavors & Fragrances has a twelve month low of $59.14 and a twelve month high of $84.45. The firm has a market cap of $18.17 billion, a PE ratio of -51.92, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.85 and a current ratio of 1.42. The business has a fifty day moving average of $74.43 and a 200-day moving average of $69.60.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.97 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts predict that International Flavors & Fragrances will post 4.42 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -116.79%.

Insider Buying and Selling

In other news, Director Paul J. Fribourg acquired 142,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the transaction, the director directly owned 2,422,730 shares in the company, valued at $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. bought a new position in International Flavors & Fragrances during the fourth quarter worth about $27,000. True Wealth Design LLC boosted its holdings in International Flavors & Fragrances by 896.4% during the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 493 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in International Flavors & Fragrances by 884.1% during the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock worth $50,000 after buying an additional 610 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in International Flavors & Fragrances by 42.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 798 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 239 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.