UBS Group Boosts International Flavors & Fragrances (NYSE:IFF) Price Target to $100.00

International Flavors & Fragrances (NYSE:IFF) had its target price lifted by UBS Group from $95.00 to $100.00 in a research report report published on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the specialty chemicals company’s stock.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company raised their price objective on shares of International Flavors & Fragrances from $100.00 to $110.00 and gave the company an overweight rating in a research report on Wednesday, May 8th. Citigroup raised their price objective on shares of International Flavors & Fragrances from $100.00 to $108.00 and gave the company a buy rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a neutral rating to an overweight rating and raised their price objective for the company from $75.00 to $100.00 in a research report on Wednesday, May 8th. Bank of America raised their target price on shares of International Flavors & Fragrances from $87.00 to $99.00 and gave the company a neutral rating in a research note on Friday, May 10th. Finally, Oppenheimer began coverage on shares of International Flavors & Fragrances in a research note on Friday, June 7th. They issued an outperform rating and a $116.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $96.78.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $97.57 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $24.91 billion, a PE ratio of -9.99, a P/E/G ratio of 1.92 and a beta of 1.26. International Flavors & Fragrances has a twelve month low of $62.11 and a twelve month high of $99.91. The company has a 50-day moving average price of $95.96 and a two-hundred day moving average price of $86.56.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Equities analysts forecast that International Flavors & Fragrances will post 3.97 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date was Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio is -16.38%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now owns 8,539 shares in the company, valued at $816,840.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently added to or reduced their stakes in IFF. Norges Bank bought a new stake in International Flavors & Fragrances in the fourth quarter valued at $79,812,000. Nomura Holdings Inc. boosted its holdings in International Flavors & Fragrances by 139.3% in the fourth quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company’s stock valued at $111,146,000 after acquiring an additional 798,946 shares in the last quarter. Ilex Capital Partners UK LLP boosted its holdings in International Flavors & Fragrances by 344.5% in the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company’s stock valued at $72,877,000 after acquiring an additional 656,820 shares in the last quarter. Van ECK Associates Corp boosted its holdings in International Flavors & Fragrances by 12.9% in the fourth quarter. Van ECK Associates Corp now owns 4,434,301 shares of the specialty chemicals company’s stock valued at $359,045,000 after acquiring an additional 507,193 shares in the last quarter. Finally, Clearfield Capital Management LP bought a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $28,771,000. Institutional investors own 96.02% of the company’s stock.

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.