Stifel Nicolaus Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $121.00

International Flavors & Fragrances (NYSE:IFF) had its price objective raised by Stifel Nicolaus from $115.00 to $121.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

Several other analysts have also recently issued reports on IFF. Morgan Stanley raised their target price on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Mizuho raised shares of International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the company from $109.00 to $120.00 in a research note on Tuesday, September 3rd. Citigroup boosted their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Barclays boosted their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. increased their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $107.86.

International Flavors & Fragrances Stock Performance

International Flavors & Fragrances stock traded down $0.18 during mid-day trading on Thursday, reaching $102.27. The company’s stock had a trading volume of 134,216 shares, compared to its average volume of 1,660,169. The firm’s fifty day moving average price is $102.83 and its two-hundred day moving average price is $97.09. International Flavors & Fragrances has a 12-month low of $63.21 and a 12-month high of $106.77. The company has a market capitalization of $26.11 billion, a P/E ratio of -10.49, a PEG ratio of 1.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. Sell-side analysts predict that International Flavors & Fragrances will post 4.23 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Friday, September 20th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Institutional Trading of International Flavors & Fragrances

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its holdings in International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after purchasing an additional 344,377 shares during the period. First Pacific Advisors LP grew its stake in shares of International Flavors & Fragrances by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock valued at $381,917,000 after acquiring an additional 80,558 shares during the period. Price T Rowe Associates Inc. MD raised its stake in International Flavors & Fragrances by 9.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after acquiring an additional 162,179 shares during the period. Dimensional Fund Advisors LP lifted its holdings in International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock valued at $167,244,000 after purchasing an additional 123,693 shares in the last quarter. Finally, Albar Capital Ltd increased its stake in shares of International Flavors & Fragrances by 73.5% in the second quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company’s stock worth $109,133,000 after purchasing an additional 485,433 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.