International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $110.00 by Analysts at JPMorgan Chase & Co.

International Flavors & Fragrances (NYSE:IFF) had its price target increased by JPMorgan Chase & Co. from $102.00 to $110.00 in a research note issued to investors on Friday, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

IFF has been the subject of several other research reports. Mizuho upgraded shares of International Flavors & Fragrances from a neutral rating to an outperform rating and boosted their price target for the stock from $109.00 to $120.00 in a research note on Tuesday. Morgan Stanley upped their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 3rd. Oppenheimer began coverage on International Flavors & Fragrances in a research report on Friday, June 7th. They set an outperform rating and a $116.00 price objective for the company. Citigroup raised their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a buy rating in a report on Friday, July 12th. Finally, Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and boosted their price target for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of Hold and an average price target of $103.80.

International Flavors & Fragrances Stock Performance

NYSE:IFF opened at $102.95 on Friday. The company has a market cap of $26.29 billion, a P/E ratio of -10.54, a P/E/G ratio of 1.87 and a beta of 1.22. International Flavors & Fragrances has a twelve month low of $62.28 and a twelve month high of $105.30. The company’s 50-day moving average price is $98.32 and its 200-day moving average price is $91.78. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.86 EPS. On average, sell-side analysts forecast that International Flavors & Fragrances will post 4.21 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total value of $247,568.08. Following the sale, the insider now owns 8,539 shares of the company’s stock, valued at $816,840.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of large investors have recently bought and sold shares of IFF. International Assets Investment Management LLC acquired a new position in International Flavors & Fragrances in the 4th quarter valued at about $380,000. Private Advisor Group LLC lifted its stake in shares of International Flavors & Fragrances by 9.0% during the fourth quarter. Private Advisor Group LLC now owns 16,260 shares of the specialty chemicals company’s stock valued at $1,317,000 after buying an additional 1,344 shares during the period. Apollon Wealth Management LLC acquired a new stake in International Flavors & Fragrances during the fourth quarter worth approximately $598,000. Charles Schwab Investment Management Inc. grew its stake in International Flavors & Fragrances by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,414,582 shares of the specialty chemicals company’s stock worth $114,539,000 after acquiring an additional 51,143 shares during the period. Finally, Principal Securities Inc. acquired a new position in International Flavors & Fragrances in the 4th quarter valued at $43,000. Institutional investors and hedge funds 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.