International Flavors & Fragrances (NYSE:IFF) Price Target Raised to $78.00 at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price objective lifted by Barclays from $75.00 to $78.00 in a research report released on Friday,MarketScreener reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

A number of other equities analysts have also commented on IFF. Weiss Ratings reiterated a “sell (d-)” rating on shares of International Flavors & Fragrances in a report on Monday, December 29th. BNP Paribas decreased their price target on International Flavors & Fragrances from $92.00 to $91.00 in a research note on Monday, September 29th. Citigroup lowered their price objective on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Argus reduced their target price on International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Morgan Stanley lowered their price target on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.66.

International Flavors & Fragrances Stock Up 1.3%

Shares of NYSE IFF opened at $71.73 on Friday. The company has a market cap of $18.37 billion, a price-to-earnings ratio of -44.28, a PEG ratio of 2.66 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $88.09. The stock has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $66.99.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, November 4th. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.65 billion. International Flavors & Fragrances had a negative net margin of 3.72% and a positive return on equity of 8.03%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. As a group, analysts forecast that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 19th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a $1.60 annualized dividend and a yield of 2.2%. International Flavors & Fragrances’s dividend payout ratio is currently -98.77%.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in IFF. True Wealth Design LLC raised its stake in International Flavors & Fragrances by 896.4% during the 3rd quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 493 shares during the period. American National Bank & Trust grew its holdings in shares of International Flavors & Fragrances by 11,975.0% during the second quarter. American National Bank & Trust now owns 483 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 479 shares during the last quarter. Elkhorn Partners Limited Partnership increased its position in shares of International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company’s stock worth $44,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after acquiring an additional 210 shares during the last quarter. Finally, Eastern Bank lifted its position in International Flavors & Fragrances by 43.9% in the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.