International Flavors & Fragrances (NYSE:IFF) had its target price trimmed by Citigroup from $129.00 to $126.00 in a research note published on Wednesday morning, AnalystRatings.com reports. The brokerage currently has a neutral rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. raised International Flavors & Fragrances from a neutral rating to an overweight rating and dropped their price objective for the stock from $127.00 to $125.00 in a research note on Wednesday, August 7th. KeyCorp dropped their price target on International Flavors & Fragrances from $160.00 to $150.00 and set an overweight rating for the company in a research note on Thursday, August 8th. UBS Group dropped their price target on International Flavors & Fragrances from $171.00 to $163.00 and set a buy rating for the company in a research note on Wednesday, October 2nd. BNP Paribas lowered International Flavors & Fragrances from a neutral rating to an underperform rating in a research note on Friday, June 21st. Finally, Societe Generale started coverage on International Flavors & Fragrances in a research note on Monday, September 9th. They set a buy rating and a $140.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $140.73.

Shares of NYSE IFF traded up $2.18 during mid-day trading on Wednesday, reaching $118.15. The company’s stock had a trading volume of 734,248 shares, compared to its average volume of 1,112,731. The firm has a market capitalization of $12.38 billion, a PE ratio of 18.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.60 and a quick ratio of 1.59. The stock has a fifty day moving average of $117.10 and a two-hundred day moving average of $132.12. International Flavors & Fragrances has a 52 week low of $104.86 and a 52 week high of $152.95.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. International Flavors & Fragrances had a return on equity of 10.48% and a net margin of 7.51%. The business’s quarterly revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 earnings per share. Analysts anticipate that International Flavors & Fragrances will post 6.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were paid a dividend of $0.75 per share. The ex-dividend date was Friday, September 20th. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a yield of 2.54%. International Flavors & Fragrances’s dividend payout ratio is presently 47.77%.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 928 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $144.69, for a total transaction of $134,272.32. Following the sale, the insider now directly owns 36,322 shares in the company, valued at $5,255,430.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 2,785 shares of company stock valued at $354,208. 0.39% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC raised its position in International Flavors & Fragrances by 119.0% during the second quarter. Advisory Services Network LLC now owns 230 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 125 shares during the period. Stonebridge Capital Advisors LLC purchased a new stake in International Flavors & Fragrances during the second quarter valued at approximately $33,000. CSat Investment Advisory L.P. raised its position in International Flavors & Fragrances by 80.1% during the second quarter. CSat Investment Advisory L.P. now owns 326 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 145 shares during the period. Private Ocean LLC purchased a new stake in International Flavors & Fragrances during the second quarter valued at approximately $76,000. Finally, CENTRAL TRUST Co purchased a new stake in International Flavors & Fragrances during the second quarter valued at approximately $78,000. Institutional investors and hedge funds own 93.88% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

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