International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $98.00 by Analysts at Mizuho

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by Mizuho from $91.00 to $98.00 in a research note issued to investors on Tuesday, Benzinga reports. Mizuho currently has a neutral rating on the specialty chemicals company’s stock.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reduced their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a hold rating for the company in a research note on Wednesday, February 21st. Argus cut shares of International Flavors & Fragrances from a buy rating to a hold rating in a research note on Friday, March 8th. Wolfe Research initiated coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They issued an underperform rating for the company. Citigroup upgraded shares of International Flavors & Fragrances from a neutral rating to a buy rating and lifted their target price for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. Finally, Morgan Stanley boosted their price objective on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an overweight rating in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $91.06.

International Flavors & Fragrances Stock Performance

IFF stock opened at $94.41 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market cap of $24.10 billion, a P/E ratio of -9.40, a P/E/G ratio of 1.94 and a beta of 1.21. The firm has a 50 day simple moving average of $83.24 and a 200 day simple moving average of $79.30. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.87 earnings per share. Research analysts anticipate that International Flavors & Fragrances will post 3.68 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.69%. International Flavors & Fragrances’s dividend payout ratio is presently -15.94%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Winder Pte. Ltd. bought a new position in International Flavors & Fragrances during the third quarter worth about $1,728,544,000. Nordea Investment Management AB grew its position in shares of International Flavors & Fragrances by 16.3% in the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock valued at $388,358,000 after purchasing an additional 795,797 shares during the period. Van ECK Associates Corp grew its position in shares of International Flavors & Fragrances by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock valued at $410,919,000 after purchasing an additional 344,377 shares during the period. First Pacific Advisors LP grew its position in shares of International Flavors & Fragrances by 2.2% in the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock valued at $322,286,000 after purchasing an additional 87,183 shares during the period. Finally, Northern Trust Corp grew its position in shares of International Flavors & Fragrances by 6.1% in the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock valued at $212,674,000 after purchasing an additional 179,894 shares during the period. 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.