International Flavors & Fragrances (NYSE:IFF) Upgraded by Morgan Stanley to “Overweight” Rating

Morgan Stanley upgraded shares of International Flavors & Fragrances (NYSE:IFF) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday morning, Marketbeat reports. They currently have $110.00 target price on the specialty chemicals company’s stock, down from their prior target price of $111.00.

Other equities analysts have also issued reports about the company. Barclays upped their target price on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Wells Fargo & Company upped their target price on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Vertical Research upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Thursday, November 7th. Bank of America upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. One equities research 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. Based on data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average target price of $109.27.

International Flavors & Fragrances Stock Down 0.5 %

Shares of IFF opened at $89.37 on Tuesday. The stock’s fifty day moving average price is $101.09 and its two-hundred day moving average price is $98.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances has a 1 year low of $72.89 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that International Flavors & Fragrances will post 4.17 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.60%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider Yuvraj Arora sold 5,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

Large investors have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of International Flavors & Fragrances in the third quarter worth $27,000. Family Firm Inc. bought a new stake in International Flavors & Fragrances during the second quarter valued at about $38,000. Point72 Hong Kong Ltd bought a new stake in International Flavors & Fragrances during the third quarter valued at about $42,000. Oakworth Capital Inc. bought a new stake in International Flavors & Fragrances during the third quarter valued at about $44,000. Finally, Eastern Bank bought a new stake in International Flavors & Fragrances during the third quarter valued at about $46,000. Institutional investors 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.