Oppenheimer Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $89.00

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by Oppenheimer from $104.00 to $89.00 in a report issued on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the specialty chemicals company’s stock.

A number of other brokerages have also recently commented on IFF. Morgan Stanley decreased their target price on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price objective for the company. in a research note on Thursday, February 20th. Barclays reduced their target price on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Bank of America dropped their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $94.54.

International Flavors & Fragrances Stock Up 1.1 %

Shares of International Flavors & Fragrances stock opened at $76.66 on Tuesday. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $77.34 and its 200 day moving average is $85.75. The company has a market cap of $19.60 billion, a price-to-earnings ratio of 81.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. Research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were given a dividend of $0.40 per share. The ex-dividend date was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Buying and Selling

In related news, Director Kevin O’byrne purchased 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the transaction, the director now owns 6,500 shares in the company, valued at approximately $522,860. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently modified their holdings of IFF. Wilmington Savings Fund Society FSB bought a new stake in International Flavors & Fragrances in the third quarter worth $406,000. Tidal Investments LLC lifted its holdings in shares of International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock worth $924,000 after acquiring an additional 750 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock worth $49,388,000 after purchasing an additional 9,555 shares during the period. Versant Capital Management Inc grew its holdings in International Flavors & Fragrances by 46.8% during the 4th quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock valued at $88,000 after purchasing an additional 332 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its position in International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock worth $896,000 after purchasing an additional 800 shares during the period. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Company Profile

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.