International Flavors & Fragrances (NYSE:IFF) Given New $71.00 Price Target at UBS Group

International Flavors & Fragrances (NYSE:IFF) had its price target raised by UBS Group from $68.00 to $71.00 in a research report report published on Monday,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued research reports about the company. Argus dropped their price objective on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Bank of America lowered 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 report on Tuesday, October 14th. Barclays lifted their price objective on shares of International Flavors & Fragrances from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. BNP Paribas decreased their target price on shares of International Flavors & Fragrances from $92.00 to $91.00 in a research report on Monday, September 29th. Finally, Citigroup cut their price target on shares of International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.19.

International Flavors & Fragrances Trading Down 0.2%

NYSE:IFF opened at $68.94 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.44. The firm has a 50-day simple moving average of $66.35 and a 200-day simple moving average of $66.99. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $88.09. The firm has a market cap of $17.66 billion, a P/E ratio of -42.55, a P/E/G ratio of 2.59 and a beta of 1.04.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 4th. The specialty chemicals company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. International Flavors & Fragrances’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Equities analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 19th. International Flavors & Fragrances’s payout ratio is presently -98.77%.

Hedge Funds Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in International Flavors & Fragrances by 7.6% during the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock valued at $161,000 after purchasing an additional 155 shares during the last quarter. Rafferty Asset Management LLC boosted its position in International Flavors & Fragrances by 0.7% in the third quarter. Rafferty Asset Management LLC now owns 21,837 shares of the specialty chemicals company’s stock valued at $1,344,000 after buying an additional 158 shares during the last quarter. Clearstead Advisors LLC increased its holdings in International Flavors & Fragrances by 6.1% in the 3rd quarter. Clearstead Advisors LLC now owns 3,021 shares of the specialty chemicals company’s stock worth $186,000 after buying an additional 173 shares during the period. UMB Bank n.a. raised its position in International Flavors & Fragrances by 17.3% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 190 shares during the last quarter. Finally, Eastern Bank lifted its stake in International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.