International Flavors & Fragrances’ (IFF) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of International Flavors & Fragrances (NYSE:IFF) in a research report report published on Tuesday, Marketbeat Ratings reports. They currently have a $100.00 target price on the specialty chemicals company’s stock.

A number of other equities research analysts have also commented on IFF. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a neutral rating to an overweight rating and raised their price objective for the stock from $75.00 to $100.00 in a research report on Wednesday, May 8th. Wells Fargo & Company raised their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an overweight rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised their price objective on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Robert W. Baird raised their price objective on International Flavors & Fragrances from $100.00 to $110.00 and gave the stock an outperform rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus raised their price objective on International Flavors & Fragrances from $87.00 to $95.00 and gave the stock a hold rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of Hold and a consensus price target of $94.41.

International Flavors & Fragrances Price Performance

NYSE:IFF opened at $94.47 on Tuesday. The business’s 50-day moving average price is $87.79 and its 200 day moving average price is $81.60. The firm has a market cap of $24.12 billion, a P/E ratio of -9.67, a PEG ratio of 1.99 and a beta of 1.21. International Flavors & Fragrances has a 52-week low of $62.11 and a 52-week high of $99.91. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.64.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results 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. The firm 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 5.78% and a negative net margin of 22.01%. International Flavors & Fragrances’s revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. As a group, sell-side analysts predict that International Flavors & Fragrances will post 3.85 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.69%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its position in International Flavors & Fragrances by 3,000.0% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 300 shares during the period. Riverview Trust Co bought a new position in International Flavors & Fragrances in the 1st quarter worth approximately $27,000. Quent Capital LLC increased its position in International Flavors & Fragrances by 183.2% in the 1st quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in International Flavors & Fragrances in the 4th quarter worth approximately $41,000. Finally, Fidelis Capital Partners LLC bought a new stake in shares of International Flavors & Fragrances during the first quarter valued at approximately $44,000. 96.02% of the stock is owned by 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.