International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $90.00 at Citigroup

International Flavors & Fragrances (NYSE:IFF) had its price objective trimmed by Citigroup from $100.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the specialty chemicals company’s stock.

A number of other analysts have also recently weighed in on the company. UBS Group lowered their price target on International Flavors & Fragrances from $85.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Berenberg Bank lowered their price target on International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a research report on Thursday, February 5th. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $88.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft upped their price target on International Flavors & Fragrances from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Sunday, January 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.83.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $71.61 on Monday. The business has a fifty day simple moving average of $74.67 and a 200 day simple moving average of $69.09. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $18.29 billion, a price-to-earnings ratio of -52.27, a PEG ratio of 1.90 and a beta of 1.02. International Flavors & Fragrances has a one year low of $59.14 and a one year high of $84.45.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Sell-side analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Friday, March 20th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, March 20th. International Flavors & Fragrances’s dividend payout ratio is presently -116.79%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 142,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.07% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Large investors have recently made changes to their positions in the business. Lloyd Advisory Services LLC. bought a new position in International Flavors & Fragrances in the fourth quarter valued at about $27,000. True Wealth Design LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 493 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in International Flavors & Fragrances by 55.7% in the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 210 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in International Flavors & Fragrances in the second quarter valued at about $49,000. Finally, Transamerica Financial Advisors LLC boosted its holdings in International Flavors & Fragrances by 884.1% in the second quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 610 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.