International Flavors & Fragrances (NYSE:IFF) Upgraded at Vertical Research

Vertical Research upgraded shares of International Flavors & Fragrances (NYSE:IFF) from a hold rating to a buy rating in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $109.00 target price on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the company. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Stifel Nicolaus increased their target price on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their price target on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average target price of $108.80.

International Flavors & Fragrances Trading Up 1.5 %

Shares of International Flavors & Fragrances stock opened at $92.28 on Thursday. The stock has a market capitalization of $23.59 billion, a P/E ratio of -10.15, a P/E/G ratio of 1.56 and a beta of 1.22. International Flavors & Fragrances has a 52-week low of $69.73 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.75 and a current ratio of 2.62. The stock’s 50-day simple moving average is $102.16 and its 200 day simple moving average is $98.18.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.46). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.24 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. International Flavors & Fragrances’s dividend payout ratio is -17.60%.

Institutional Trading of International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances in the second quarter worth $38,000. Oakworth Capital Inc. purchased a new stake in International Flavors & Fragrances during the third quarter valued at about $44,000. Eastern Bank bought a new position in shares of International Flavors & Fragrances during the third quarter valued at about $46,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of International Flavors & Fragrances in the third quarter worth about $48,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.