International Flavors & Fragrances (NYSE:IFF) PT Raised to $110.00 at JPMorgan Chase & Co.

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

A number of other analysts also recently issued reports on the company. Wells Fargo & Company raised their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an overweight rating in a research report on Thursday, August 8th. Bank of America boosted their price objective on International Flavors & Fragrances from $87.00 to $99.00 and gave the company a neutral rating in a research note on Friday, May 10th. Citigroup increased their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a buy rating in a research report on Friday, July 12th. UBS Group lowered their price target 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. Finally, Mizuho raised shares of International Flavors & Fragrances from a neutral rating to an outperform rating and raised their price objective for the stock from $109.00 to $120.00 in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $103.80.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $103.48 on Friday. The company has a market capitalization of $26.42 billion, a PE ratio of -10.59, a PEG ratio of 1.84 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $98.53 and its 200-day moving average price is $92.12. International Flavors & Fragrances has a twelve month low of $62.28 and a twelve month high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15. The firm had revenue of $2.89 billion during 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 business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, equities analysts anticipate that International Flavors & Fragrances will post 4.22 EPS for the current year.

International Flavors & Fragrances Announces Dividend

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 given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Insider Buying and Selling

In other news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now owns 8,539 shares in the company, valued at approximately $816,840.74. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of large investors have recently modified their holdings of IFF. Riverview Trust Co bought a new stake in International Flavors & Fragrances in the first quarter worth $27,000. Quent Capital LLC increased its holdings in shares of International Flavors & Fragrances by 183.2% in the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares during the period. Family Firm Inc. bought a new stake in shares of International Flavors & Fragrances in the 2nd quarter valued at about $38,000. Principal Securities Inc. purchased a new stake in International Flavors & Fragrances during the 4th quarter valued at about $43,000. Finally, Fidelis Capital Partners LLC bought a new position in International Flavors & Fragrances during the 1st quarter worth approximately $44,000. 96.02% of the stock is owned by hedge funds and other 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.