International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $105.00 at Citigroup

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Citigroup from $110.00 to $105.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently issued reports on the stock. Oppenheimer raised their price objective on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. UBS Group lifted their price target on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $111.00 to $110.00 in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $110.21.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $85.36 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The firm has a market cap of $21.83 billion, a price-to-earnings ratio of -9.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The business has a 50-day simple moving average of $94.28 and a two-hundred day simple moving average of $97.41. International Flavors & Fragrances has a fifty-two week low of $72.94 and a fifty-two week high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). The company had revenue of $2.93 billion for 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 firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. On average, analysts expect that International Flavors & Fragrances will post 4.16 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is currently -17.60%.

Insider Activity

In related news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in IFF. Northwest Investment Counselors LLC purchased a new stake in shares of International Flavors & Fragrances during the 3rd quarter valued at about $27,000. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter valued at approximately $42,000. Family Firm Inc. purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth approximately $38,000. Oakworth Capital Inc. bought a new position in shares of International Flavors & Fragrances during the 3rd quarter valued at approximately $44,000. Finally, Eastern Bank purchased a new stake in International Flavors & Fragrances during the 3rd quarter valued at $46,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.