International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $110.00 by Analysts at Wells Fargo & Company

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by Wells Fargo & Company from $100.00 to $110.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently issued reports on IFF. Deutsche Bank Aktiengesellschaft increased their target price 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. Mizuho boosted their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the stock a neutral rating in a research report on Tuesday. Wolfe Research started coverage on shares of International Flavors & Fragrances in a research note on Friday, March 1st. They issued an underperform rating for the company. Citigroup raised International Flavors & Fragrances from a neutral rating to a buy rating and boosted their price target for the stock from $81.00 to $100.00 in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus boosted their price target on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a hold rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $93.18.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded down $0.18 on Wednesday, hitting $97.05. The stock had a trading volume of 1,640,373 shares, compared to its average volume of 2,130,036. International Flavors & Fragrances has a 52-week low of $62.11 and a 52-week high of $97.48. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21. The company’s 50 day moving average price is $83.72 and its 200 day moving average price is $79.43.

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

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.65%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IFF. Winder Pte. Ltd. acquired a new stake in shares of International Flavors & Fragrances during the 3rd quarter worth $1,728,544,000. Nordea Investment Management AB boosted its position in International Flavors & Fragrances by 16.3% during the 3rd quarter. Nordea Investment Management AB now owns 5,672,776 shares of the specialty chemicals company’s stock worth $388,358,000 after purchasing an additional 795,797 shares during the period. Van ECK Associates Corp boosted its position in International Flavors & Fragrances by 7.8% during the 1st quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after purchasing an additional 344,377 shares during the period. First Pacific Advisors LP boosted its position in International Flavors & Fragrances by 2.2% during the 4th quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after purchasing an additional 87,183 shares during the period. Finally, Northern Trust Corp boosted its position in International Flavors & Fragrances by 6.1% during the 3rd quarter. Northern Trust Corp now owns 3,119,754 shares of the specialty chemicals company’s stock worth $212,674,000 after purchasing an additional 179,894 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.