International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $75.00

International Flavors & Fragrances (NYSE:IFF) had its price target increased by Barclays from $72.00 to $75.00 in a report issued on Friday,Benzinga reports. Barclays currently has an overweight rating on the specialty chemicals company’s stock.

Several other equities analysts have also issued reports on the company. Oppenheimer lowered International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 7th. Bank of America decreased their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Mizuho dropped their target price on shares of International Flavors & Fragrances from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Citigroup lowered their price objective on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Finally, Tigress Financial reissued a “buy” rating and issued a $105.00 target price on shares of International Flavors & Fragrances in a report on Tuesday, August 26th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.02.

International Flavors & Fragrances Stock Up 1.3%

IFF traded up $0.79 during midday trading on Friday, reaching $62.79. The company’s stock had a trading volume of 2,207,133 shares, compared to its average volume of 1,931,861. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $92.39. The stock’s 50-day moving average is $63.31 and its 200-day moving average is $70.12. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of -40.51, a PEG ratio of 2.54 and a beta of 1.04. The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results 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 firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.65 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts expect that International Flavors & Fragrances will post 4.32 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -98.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in shares of International Flavors & Fragrances by 122.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company’s stock valued at $400,192,000 after purchasing an additional 2,991,405 shares in the last quarter. Ilex Capital Partners UK LLP bought a new stake in International Flavors & Fragrances during the 2nd quarter valued at $212,090,000. Ameriprise Financial Inc. raised its position in shares of International Flavors & Fragrances by 1,842.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock worth $183,264,000 after acquiring an additional 2,363,307 shares in the last quarter. Dodge & Cox lifted its position in shares of International Flavors & Fragrances by 7.4% during the first quarter. Dodge & Cox now owns 33,774,607 shares of the specialty chemicals company’s stock valued at $2,621,247,000 after buying an additional 2,336,844 shares during the last quarter. Finally, Norges Bank acquired a new stake in International Flavors & Fragrances in the second quarter valued at approximately $152,736,000. Institutional investors own 96.02% of the company’s stock.

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.