Analysts Set International Flavors & Fragrances Inc. (NYSE:IFF) Target Price at $103.87

International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) has been assigned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $103.87.

A number of analysts have recently commented on the stock. UBS Group cut their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. Oppenheimer lifted their target price on International Flavors & Fragrances from $116.00 to $117.00 and gave the company an "outperform" rating in a research report on Wednesday, September 11th. Citigroup increased their price target on International Flavors & Fragrances from $108.00 to $116.00 and gave the company a "buy" rating in a research report on Friday, July 12th. Morgan Stanley boosted their price target on International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 3rd. Finally, Mizuho raised International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd.

International Flavors & Fragrances Stock Down 0.2 %

Shares of International Flavors & Fragrances stock traded down $0.16 on Friday, hitting $100.47. The company had a trading volume of 786,897 shares, compared to its average volume of 1,714,066. International Flavors & Fragrances has a twelve month low of $62.28 and a twelve month high of $105.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. The stock has a 50-day moving average of $100.99 and a 200-day moving average of $95.19. The firm has a market capitalization of $25.66 billion, a P/E ratio of -10.28, a P/E/G ratio of 1.85 and a beta of 1.22.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) 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 the consensus estimate 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 for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Research analysts predict that International Flavors & Fragrances will post 4.23 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances's payout ratio is -16.38%.

Institutional Trading of International Flavors & Fragrances

Hedge funds have recently added to or reduced their stakes in the company. Nomura Holdings Inc. boosted its holdings in International Flavors & Fragrances by 139.3% in the 4th quarter. Nomura Holdings Inc. now owns 1,372,685 shares of the specialty chemicals company's stock valued at $111,146,000 after purchasing an additional 798,946 shares during the period. Ilex Capital Partners UK LLP grew its position in International Flavors & Fragrances by 344.5% during the first quarter. Ilex Capital Partners UK LLP now owns 847,504 shares of the specialty chemicals company's stock worth $72,877,000 after buying an additional 656,820 shares in the last quarter. Albar Capital Ltd increased its stake in International Flavors & Fragrances by 73.5% during the 2nd quarter. Albar Capital Ltd now owns 1,146,234 shares of the specialty chemicals company's stock worth $109,133,000 after acquiring an additional 485,433 shares during the period. Clearfield Capital Management LP acquired a new position in International Flavors & Fragrances in the 4th quarter valued at $28,771,000. Finally, Van ECK Associates Corp increased its position in shares of International Flavors & Fragrances by 7.8% in the first 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. 96.02% of the stock is owned by institutional investors and hedge funds.

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.