International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $85.00 at BNP Paribas Exane

International Flavors & Fragrances (NYSE:IFF) had its target price trimmed by BNP Paribas Exane from $88.00 to $85.00 in a research report sent to investors on Tuesday,MarketScreener reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of International Flavors & Fragrances in a research note on Monday, December 29th. Argus raised their target price on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Bank of America raised their target price on International Flavors & Fragrances from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Berenberg Bank decreased their target price 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. Finally, UBS Group raised their target price on International Flavors & Fragrances from $71.00 to $85.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $89.91.

International Flavors & Fragrances Stock Performance

IFF opened at $69.96 on Tuesday. The firm has a market cap of $17.87 billion, a PE ratio of -51.07, a P/E/G ratio of 1.90 and a beta of 1.02. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $74.47 and a 200-day simple moving average of $68.78. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.05). The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.52 billion. International Flavors & Fragrances had a positive return on equity of 7.67% and a negative net margin of 3.20%.The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, equities analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -116.79%.

Insider Activity

In other news, Director Paul J. Fribourg acquired 142,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the acquisition, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several hedge funds and other institutional investors have recently modified their holdings of IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after acquiring an additional 1,335 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of International Flavors & Fragrances by 15.7% during the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after acquiring an additional 539 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of International Flavors & Fragrances by 71.5% during the first quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 4,358 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of International Flavors & Fragrances by 25.5% during the first quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings 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 worth $46,000 after acquiring an additional 210 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.