International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $100.00 by Analysts at Wells Fargo & Company

International Flavors & Fragrances (NYSE:IFF - Free Report) had its target price boosted by Wells Fargo & Company from $90.00 to $100.00 in a research note issued to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company's stock.

A number of other analysts have also recently commented on the company. Wolfe Research initiated coverage on International Flavors & Fragrances in a research report on Friday, March 1st. They set an underperform rating on the stock. Argus lowered International Flavors & Fragrances from a buy rating to a hold rating in a report on Friday, March 8th. Barclays lifted their price objective on International Flavors & Fragrances from $64.00 to $69.00 and gave the company an underweight rating in a report on Friday, January 12th. Morgan Stanley lifted their price objective on International Flavors & Fragrances from $89.00 to $96.00 and gave the company an overweight rating in a report on Wednesday, March 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $84.88.

International Flavors & Fragrances Trading Down 1.9 %

Shares of NYSE IFF traded down $1.60 during midday trading on Thursday, hitting $83.90. The company's stock had a trading volume of 1,106,621 shares, compared to its average volume of 2,324,663. The business's 50 day moving average is $80.91 and its two-hundred day moving average is $76.05. The firm has a market cap of $21.42 billion, a P/E ratio of -8.52, a price-to-earnings-growth ratio of 1.88 and a beta of 1.23. International Flavors & Fragrances has a 12-month low of $62.11 and a 12-month high of $97.49. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm earned $0.97 EPS. The business's quarterly revenue was down 5.0% compared to the same quarter last year. As a group, equities research analysts expect that International Flavors & Fragrances will post 3.69 EPS for the current year.

International Flavors & Fragrances Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.91%. International Flavors & Fragrances's dividend payout ratio (DPR) is -15.94%.

Institutional Trading of International Flavors & Fragrances

A number of institutional investors have recently added to or reduced their stakes in IFF. Winder Pte. Ltd. purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $1,728,544,000. Dodge & Cox purchased a new position in International Flavors & Fragrances in the 4th quarter valued at about $1,250,236,000. Price T Rowe Associates Inc. MD boosted its position in International Flavors & Fragrances by 59.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company's stock valued at $814,890,000 after buying an additional 2,890,737 shares during the last quarter. State Street Corp boosted its position in International Flavors & Fragrances by 26.9% in the 1st quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company's stock valued at $1,240,654,000 after buying an additional 2,835,689 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in International Flavors & Fragrances in the 3rd quarter valued at about $95,612,000. 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.