International Flavors & Fragrances Inc. (NYSE:IFF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday after Barclays raised their price target on the stock from $82.00 to $93.00. Barclays currently has an equal weight rating on the stock. International Flavors & Fragrances traded as high as $95.00 and last traded at $95.00, with a volume of 2262 shares traded. The stock had previously closed at $94.33.
IFF has been the subject of several other reports. Morgan Stanley raised their price target on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, March 27th. Argus lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Wolfe Research started coverage on International Flavors & Fragrances in a research report on Friday, March 1st. They set an “underperform” rating for the company. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and upped their price objective for the stock from $73.00 to $112.00 in a research report on Friday, January 12th. Finally, UBS Group raised their target price on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.18.
Institutional Inflows and Outflows
International Flavors & Fragrances Stock Performance
The business’s fifty day simple moving average is $83.72 and its 200-day simple moving average is $79.43. The firm has a market cap of $24.82 billion, a P/E ratio of -9.68, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. 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 posted its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.27. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. As a group, sell-side analysts expect that International Flavors & Fragrances Inc. will post 3.68 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, July 10th. Investors of record on Friday, June 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -15.94%.
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.
Further Reading
- Five stocks we like better than International Flavors & Fragrances
- Why is the Ex-Dividend Date Significant to Investors?
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Generac Powers Ahead on the Electrification Mega-Trend
- Investing in Travel Stocks Benefits
- PulteGroup Wins and Wins More on Interest Rate Cuts
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.