International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $75.00 at Barclays

International Flavors & Fragrances (NYSE:IFF) had its target price upped by Barclays from $69.00 to $75.00 in a research note published on Friday morning, Benzinga reports. The firm currently has an underweight rating on the specialty chemicals company’s stock.

IFF has been the subject of several other reports. Argus downgraded shares of International Flavors & Fragrances from a buy rating to a hold rating in a research report on Friday, March 8th. Morgan Stanley boosted their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an overweight rating in a research report on Wednesday, March 27th. Mizuho boosted their target price on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a neutral rating in a research report on Wednesday, March 20th. Wolfe Research began coverage on shares of International Flavors & Fragrances in a research report on Friday, March 1st. They issued an underperform rating for the company. Finally, Stifel Nicolaus decreased their target price on shares of International Flavors & Fragrances from $87.00 to $80.00 and set a hold rating for the company in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of Hold and a consensus price target of $86.35.

International Flavors & Fragrances Stock Down 1.2 %

International Flavors & Fragrances stock opened at $82.59 on Friday. The firm has a market cap of $21.09 billion, a PE ratio of -8.23, a P/E/G ratio of 1.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. The firm’s 50 day moving average price is $81.42 and its two-hundred day moving average price is $77.05. International Flavors & Fragrances has a twelve month low of $62.11 and a twelve month high of $97.49.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, research analysts predict that International Flavors & Fragrances will post 3.69 EPS for the current fiscal year.

International Flavors & Fragrances Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s payout ratio is currently -15.94%.

Hedge Funds Weigh In On International Flavors & Fragrances

Large investors have recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC raised its stake in International Flavors & Fragrances by 3,000.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 310 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 300 shares during the last quarter. Riverview Trust Co acquired a new position in shares of International Flavors & Fragrances in the 1st quarter valued at $27,000. Clear Street Markets LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Penserra Capital Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $31,000. Finally, Covestor Ltd raised its stake in shares of International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock valued at $32,000 after buying an additional 80 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

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.