Argus Issues Positive Forecast for International Flavors & Fragrances (NYSE:IFF) Stock Price

International Flavors & Fragrances (NYSE:IFF) had its price target increased by Argus from $70.00 to $80.00 in a report released on Thursday, MarketBeat Ratings reports. They currently have a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts have also issued reports on the stock. Bank of America raised their target price on shares of International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. BNP Paribas Exane decreased their price objective on shares of International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Mizuho reduced their price target on International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Finally, UBS Group boosted their price objective on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and a consensus target price of $86.46.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $72.19 on Thursday. The stock has a market cap of $18.49 billion, a price-to-earnings ratio of -44.56, a price-to-earnings-growth ratio of 2.67 and a beta of 1.04. 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 stock has a 50 day moving average price of $67.49 and a 200-day moving average price of $66.86. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $88.09.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.International Flavors & Fragrances’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. Equities analysts expect 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, January 9th. Shareholders of record on Friday, December 19th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.2%. International Flavors & Fragrances’s payout ratio is -98.77%.

Hedge Funds Weigh In On International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. True Wealth Design LLC lifted its stake in International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 493 shares during the period. American National Bank & Trust raised its holdings in shares of International Flavors & Fragrances by 11,975.0% in the 2nd quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 479 shares in the last quarter. Elkhorn Partners Limited Partnership lifted its position in shares of International Flavors & Fragrances by 200.0% in the 2nd quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of 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 valued at $46,000 after purchasing an additional 210 shares in the last quarter. Finally, Eastern Bank increased its holdings in International Flavors & Fragrances by 43.9% during the second quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 193 shares during the period. Hedge funds and other 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.